www.lse.co.in
VOLUNTARY SURRENDER OF RECOGNITION BY LUDHIANA STOCK EXCHANGE LIMITED (LSE)
PUBLIC NOTICEPursuant to the resolution passed by the shareholders in the EGM held on July 15, 2013; the Ludhiana Stock Exchange Limited (LSE) applied for “Voluntary Surrender of Recognition and Exit” as a Stock Exchange. SEBI vide its “Order” dated December 30, 2014 has approved the application made by the Exchange for voluntary surrender of recognition. It is therefore informed to the members of the general public that LSE shall no longer be performing any Stock Exchange related activities post December 30, 2014. It will however continue as a public limited company with change in business objects and change in name.
LISTED COMPANIES OF LUDHIANA STOCK EXCHANGE LIMITED
In accordance with the SEBI guidelines, LSE has entered into agreement with National Stock Exchange (NSE) for shifting the Exclusive listed companies on Dissemination Board of NSE. National Stock Exchange Ltd vide circular no.NSE/CML/28210 dated November 28, 2014 has placed Exclusive listed companies of LSE on Dissemination Board and will be available for buying and selling on Dissemination Board of NSE w.e.f. December 01, 2014.
1. ANK Commercials Ltd
11. Punjab Wireless System Ltd
2. Kumar Auto Cast Ltd
12. Rishi Oil & Fats Ltd
3. Hindon Mercantile Ltd
13. UjalaLeasing Ltd
4. Sanjay Agro Industries Ltd
14. Thapar Agro Mills Ltd
5. Savera Commercials Ent. Ltd
15. Gurdarshan Leathers Ltd
6. Tirupati Aluminum Ltd
16. B.D.IndustriesLtd
7. Harita Mercantiles Ltd
17. Bhawani Traders Ltd
8. Krystal Knitwear Ltd
18. Dune Mercantile Ltd
9. Nova Surgikos Ltd
19. Samrat Forgings Ltd
10. Omni India Ltd
** Vermani Steel & Strips Ltd (Vanishing Company and would not be available for buying and selling on Dissemination Board)
For any further information relating to “Dissemination Board”, the investor may log into www.lse.co.in (website of LSE) or www.nseindia.com. (website of NSE Limited).
NO IMPACT ON LSE SECURITIES LTD
Surrender of recognition by the Ludhiana Stock Exchange shall not have any impact on its subsidiary company, LSE Securities Ltd. In term of Clause 4.1 of SEBI circular dated May 30, 2012, the subsidiary company shall continue to function as a corporate Broker of NSE/BSE/MCX-Sx and DP of NSDL & CDSL.
It is further informed that like other Regional Stock Exchanges, the Ludhiana Stock Exchange stopped operating its own trading platform since 23.01.2002. Members of the Exchange were providing trading facilities on NSE and BSE as sub brokers of the Subsidiary Company, i.e. LSE Securities Limited. In terms of Clause 3 of SEBI Circular No.MRD/DOP/SE/Cir-36/2008 dated December 29, 2008; upon de-recognition of the Ludhiana Stock and Capital Ltd, SEBI registration certificates as Trading Members of the Exchange shall stand automatically cancelled. However, SEBI registration certificates of the Trading Members as sub-brokers of LSE Securities Ltd on NSE and /or BSE/and /or MCX-SX shall continue to be valid. All the investors of sub brokers shall continue to trade through LSE Securities Ltd and avail DP Services without any interruption.
Place: Ludhiana
Date: December 30, 2014 SD/-
Pooja M. Kohli
Executive Director (Offtg.)
Ludhiana Stock Exchange Limited