The Ludhiana Stock Exchange Limited was established in 1981, by Sh. S.P.

Oswal oI
Vardhman Group and Sh. B.M. Lal Munjal oI Hero Group, leading industrial luminaries,
to IulIill a vital need oI having a Stock Exchange in the region oI Punjab, Himachal
Pradesh, Jammu & Kashmir and Union Territory oI Chandigarh. Since its inception, the
Stock Exchange has grown phenomenally. The Stock Exchange has played an important
role in channelising savings into capital Ior the various industrial and commercial units oI
the State oI Punjab and other parts oI the country. The Exchange has Iacilitated the
mobilization oI Iunds by entrepreneurs Irom the public and thereby contributed in the
overall, economic, industrial and social development oI the States under its jurisdiction.
Ludhiana Stock Exchange is one oI the leading Regional Stock Exchange and has been in
the IoreIront oI other Stock Exchange in every spheres, whether it is Iormation oI
subsidiary Ior providing the platIorm oI trading to investors, Ior brokers etc. in the era oI
Screen based trading introduced by National Stock Exchange and Bombay Stock
Exchange, entering into the Iield oI Commodities trading or imparting education to the
Public at large by way oI starting CertiIication Programmes in Capital Market.
The vision and mission oI 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 oI which 162 are registered with National
Stock Exchange as Sub-brokers and 121 with Bombay Stock Exchange as sub-brokers
through our subsidiary.


GOVERNANCE AND MANAGEMENT
LSE has a strong governance and administration, which encompasses a right balance oI
Industry Experts with highest level educational background, practicing proIessionals and
independent experts in various Iields oI Financial Sector. The administration is presently
headed by Sr. General Manager CUM Company Secretary and team oI persons having
indepth knowledge oI Secretarial, Legal and Education & Training.
The Governing Board oI our Exchange comprises oI eleven members, out oI which two
are Public Interest Directors, who are eminent persons in the Iields oI Finance and
Accounts, Education, Law, Capital Markets and other related Iields, Six are Shareholder
Directors, and Three are Broker Member Director and the Exchange has Iour Statutory
Committees namely Disciplinary Committee, Arbitration Committee, DeIaults
Committee and Investor Services Committee. In addition, it has advisory and standing
committees to assist the administration.
LSE has a Code oI Conduct in place that governs the elected Board Members and the
Senior Management Team. The same is monitored through periodic disclosure
procedures. The Exchange has an Ethics Committee, which looks into any issue oI
conIlict oI interest and has in place general code oI conduct Ior the Senior OIIicials.
The composition oI the Governing Board is as under:-
Sr. No. Name oI Director Category
1 ProI. Padam Parkash Kansal
Chairman
(Shareholder Director)
2 Sh. Joginder Kumar
Vice Chairman
(Shareholder Director)
3 Sh. Rajinder Mohan Singla Shareholder Director
4 Sh. Satish Nagpal Shareholder Director
5 Sh. Vikas Batra Shareholder Director
6 Sh. Varun Chhabra Shareholder Director
7 Dr. Raj Singh
Registrar oI Companies (Public
Interest Director)
8 Sh. Ashwani Kumar Public Interest Director
9 Sh. V.P. Gaur Public Interest Director
10 Sh. Jaspal Singh Trading member Director
11 Sh. Sunil Gupta Trading Member Director
12 Sh. Sanjay Anand Trading member Director






STRENGTHS OF LSE GROUP
1. 'LSE brand is popular among masses. The brand image oI LSE can be capitalized.
2. We have requisite inIrastructure Ior the Capital Market activities which includes a
multi-storeyed, centrally air conditioned building situated in the Iinancial hub oI the city
i.e. Feroze Gandhi Market.
3. We have well experienced staII handling operations oI Stock Exchange.
4. We have competent Board and proIessional management.
5. We have much needed networking oI sub brokers in the entire region, who are having
rich experience in Stock Market operations Ior the last 25 years.
6. We have more than 40,000 clients spread across Punjab, Himachal Pardesh, Jammu &
Kashmir and adjoining areas oI Haryana and Rajasthan.
7. The turnover oI our subsidiary is the highest amongst all subsidiaries oI Regional
Stock Exchanges in India.




INFRASTRUCTURE AND ASSETS BASE AT LUDHIANA STOCK EXCHANGE
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 located on various Iloors ranging Irom second to IiIth. The Iirst Iloor
oI the building houses the administrative oIIice and rooms Irom second to IiIth Iloors
have been leased out to brokers. The Iirst Iloor also has canteen and banking Iacilities.
Investor Service Centre is also located at Iirst Iloor which houses a well-equipped library
and view-terminals to provide 'live rates oI NSE and BSE to investors. Investors are
also provided with Cable TV Ior the purpose oI viewing the latest happenings in the
Capital Market and around. Basement oI the building has air-conditioning plant and
Generators to provide air-conditioned environment and twenty-Iour hours power back
up.
The Exchange has also an additional plot oI land measuring 2333 sq. yards in the prime
location oI city, to enhance its inIrastructure and source oI income.

STATUS OF OUR SUBSIDIARY I.E LSE SECURITIES LIMITED
Due to Nation wide reach oI 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 oI bigger Exchanges into opportunities and acquired
the corporate membership oI these exchanges through its subsidiary company i.e. LSE
Securities Limited.
We have now been providing Trading PlatIorms oI Bigger Stock Exchanges to the
Investors oI the region. The vast network oI Brokers oI the Exchange is servicing
millions oI Investors. The subsidiary company is also providing depository services in the
State oI Punjab and Himachal Pradesh. The allied services like PAN Service Centre,
Investor Service Centres are also being provided at major locations oI the region.
The turnover oI subsidiary is highest amongst all the subsidiaries oI Regional Stock
Exchanges. The growth oI subsidiary is swiIt and it has been providing a range oI
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 Ior its clients, thereby increasing the
geographical reach oI the company.


LISTING OF SECURITIES OF COMPANIES AT LUDHIANA STOCK
EXCHANGE
At present, Ludhiana Stock Exchange has 330 listed companies, out oI which 214 are
regional and 116 are Non-regional. The total listed capital oI aIoresaid companies is Rs.
3168.91 Crores appx. The market capitalization oI the said companies is more than Rs.
3372.34 crores. The Stock Exchange is covering the vast investor base through the
listing oI abovesaid companies, which are situated in the region comprising oI Punjab,
Himachal Pardesh, Jammu & Kashmir, Chandigarh.
Despite the Iact, the implementation oI SEBI (Delisting oI Securities) guidelines, 2003
has resulted into the Delisting oI good companies listed at Exchange, however still there
are leading Companies listed with our Exchange, notable among them are United
Breweries Limited, Vardhman Acrlyics Limited, SMC global securities limited,
Himachal Futuristic Communications Limited etc.
Ludhiana Stock Exchange has Iacilitated the capital generation Ior agro based industries
as Punjab is a agricultural led economy. It will continue to do so, once it gets approval
Ior a tie up with bigger Exchanges Ior commencing trading operations.




INVESTOR RELATED SERVICES
The Exchange has been providing a variety oI services Ior the beneIit oI investing
public. The services include Investor Service Centres, Investor Protection Iund and
Investor Educational Seminars.
(i).Investor Service Centres
The Exchange has set-up Investor Service Centres at various DP branches oI its
subsidiary Ior providing inIormation relating to Capital Market to the general public.
The Centres subscribe to leading economic, Iinancial dailies and periodicals. They also
store the Annual Reports oI the companies listed at the Stock Exchange. The Investor
Service Centres are also equipped with a Terminal Ior providing 'live rates oI trading at
NSE and BSE. A large number oI the investors visit the centres to utilize the services
being provided by the Exchange.
(ii).Investor Awareness Seminars
The Exchange has been organizing Investor Awareness Seminars Ior the beneIit oI
Investors oI the region comprising State oI Punjab, Himachal Pradesh, Jammu &
Kashmir, Chandigarh and adjoining areas oI Haryana and Rajasthan. This massive
exercise oI organizing Investor Awareness Seminars has been launched as a part oI
Securities Market Awareness Campaign launched by SEBI in January, 2003. The
Exchange apprises the investors about Do`s and Don`ts to be observed while dealing in
Securities Market. Till date, Exchange has organized more than 200 workshops in the
region mentioned above.
(iii).Website oI the Exchange: www.lse.co.in
The Exchange has its own website with the domain name www.lse.co.in. The website
provides valuable inIormation about the latest market commentary, research reports
about companies, daily status oI International markets, a separate module Ior Internet
trading, inIormation about listed companies and brokers and sub-brokers oI the
Exchange and its subsidiary. The website also contains many useIul links on portIolio
management, investor education, Irequently asked questions about various topics
relating to Primary and Secondary Market, inIormation about Mutual Funds, Financials
oI the Company including Quarterly Results, Share Prices, ProIit and Loss Accounts,
Balance Sheet and Many More. The website also contains daily Technical Charts oI
various scrips being traded in BSE and NSE.


EDUCATIONAL INITIATIVES OF EXCHANGE
LSE has carved out its unique position among the Stock Exchanges oI the country Ior
the Knowledge Management. It has set up an Education and Training Cell and the same
has emerged as a leading Iacility in various Financial Services in India. The Exchange
has been conducting a unique certiIication programme in Capital Market in association
with Centre Ior Industry Institute Partnership Programme Panjab University, Chandigarh
Ior the last three year. This programme has widened the horizons oI participants vis-a-
vis Capital Market Operations as practical skill based knowledge is provided by Stock
Brokers, Stock Exchange OIIicials, ProIessors oI Finance and Business Management
and above all ProIessionals working in diIIerent areas oI Capital Market. We have
completed series oI batches oI this programme and we now want to scale up this
programme and are planning to launch various other programmes on areas relating to
Securities Market.
We have edge over others as Iar as Education and Training in Financial Services is
concerned due to Iollowing Iactors:
a. Directly connected with the Industry as Regional Stock Exchange.
b. Connected with large base oI Investors as they use the Stock Exchange as a Trading
PlatIorm Ior their liquidity needs
c. Presence in the region oI Punjab, Himachal Pradesh, Jammu & Kashmir and
Chandigarh through our branches Network and the area being under the jurisdiction oI
our Exchange.
d. Already running CertiIication programmes in Capital Market successIully.
e. Continuously holding Investor Awareness Programmes Ior Investors & Investor
Groups through association with Brokers, Sub-brokers, Colleges, Universities and
Consumer Groups.