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A VISIT TO LUDHIANA STOCK EXCHANGE

1. ABOUT LUDHIANA STOCK EXCHANGE

The Ludhiana Stock Exchange Limited (LSE was established in 1981, by Sh. S.P. Oswal of

Vardhman Group and Sh. B.M. Munjal of Hero Group, leading industrial luminaries, to fulfill a

vital need of having a Stock Exchange in the region of Punjab Himachal Pradesh Jammu &

Kashmir and Union territory of Chandigarh. Since its inception, the stock exchange has grown

phenomenally. The stock Exchange has played an important role in channelising savings into

capital for the various industrial and commercial units of the state of Punjab and other parts of

the company. The Exchange has facilitated the mobilization of funds by entrepreneurs from the

public and thereby contributed in the overall, economic, industrial and social development of the

state under its jurisdiction.

Ludhiana Stock Exchange is one of the leading Regional Stock Exchange and has been in the

forefront of other stock exchange in every spheres, whether it is formation of subsidiary for

providing the platform of trading to investors, for brokers etc. in the era of Screen based trading

introduced by national Stock exchange and Bombay stock Exchange, entering into the filed of

Commodities trading or imparting education to the Public at large by way of starting Certificate

Programmes in Capital Market.

The vision and mission of stock Exchange is:

Reaching small investors by providing services relating to Capital market including Trading

Depository operations etc and creating Mass Awareness by way of education and training in the

field of Capital market. To create educated investors and fulfilling the gap of skilled work force

in the domain in Capital Market.

Further, the exchange has 295 members out of which 171 are registered with national Stock

Exchange as Sub- broker and 124 with Bombay Stock exchange as sub- brokers through our

subsidiary.

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2. MANAGEMENT AND COMPOSITION

Current President:Ved Parkash Gaur

Governance and Management

1. Membership Selection Committee2. Disciplinary Action Committee3. Investor Grievance Redressal Committee4. Defaulters Committee5. Compensation Committee6. Selection Committee7. Standing Committee On Technology8. Sub-committee For Compliance Of SEBI Inspection Report9. Investor Services Committee10.Public Interest Directors Committee11.Arbitration Committee12.Ethics Committee13.Independent Oversight Committee For Member Regulations14.Independent Oversight Committee For Listing Function15.Independent Oversight Committee For Trading and Surveillance Function16.Advisory Committee17.Share Transfer Committee18.Management Sub-Committee19.FMC cum Room Transfer Committee

3. INFRASTRUCTURE

The Exchange building is situated at Feroze Gandhi Market, Ferozepur Road, Ludhiana. It is a

six storeyed building, which is centrally air-conditioned. The building has 262 rooms, which are

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located on various floors ranging from second to fifth. The first floor of the building houses the

administrative office and rooms from second to fifth floors have been leased out to brokers. The

first floor also has canteen facility. Investor Service Centre is also located at first floor which

houses a well-equipped library and view-terminals to provide live rates of NSE and BSE to

investors. Investors are also provided with Cable TV for the purpose of viewing the latest

happenings in the Capital Market and around. Basement of the building has air-conditioning

plant and Generators to provide air-conditioned environment and twenty-four hours power back

up. The Exchange has also an additional plot of land measuring 2333 sq. yards in the prime

location of city, to enhance its infrastructure and source of income.

4. LSE SECURITIES LIMITED

Due to Nation wide reach of bigger Stock Exchanges, the trading volumes at Ludhiana Stock Exchange

declined and ultimately, the trading stopped in February, 2002, but the Stock Exchange converted the

threat of bigger Exchanges into opportunities and acquired the corporate membership of these exchanges

through its subsidiary company i.e. LSE Securities Limited. We have now been providing Trading Platforms

of Bigger Stock Exchanges to the Investors of the region. The vast network of Brokers of the Exchange is

servicing millions of Investors. The subsidiary company is also providing depository services in the State of

Punjab and Himachal Pradesh. The turnover of subsidiary is highest amongst all the subsidiaries of

Regional Stock Exchanges. The growth of subsidiary is swift and it has been providing a range of services

to the public at large such as Trading, Depository, IPO bidding collection Centre.

The Company in its continuous endevour to provide qualitative services to its valued clients, has started e-

broking trading services for its clients, thereby increasing the geographical reach of the company.