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Ludhiana Stock and Capital Limited 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.
Ludhiana Stock and Capital Limited was one of the leading Regional Stock Exchange and has been in the forefront of other Stock Exchanges in every spheres, whether it was 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 field of Commodities trading or imparting education to the Public at large.
It played an important role in channelising savings into capital for various industrial and commercial units of the state of Punjab and other parts of the country thereby facilitated the mobilization of funds by entrepreneurs from the public which contributed in the overall, economic, industrial and social development of region under its jurisdiction.
Keeping in view the changing Business environments and recent Regulatory guidelines, Shareholders of the Company approved resolution for Voluntary surrender of re-cognition and Exit as an Exchange in the EGM held on 15th July, 2013. SEBI allowed the Exit of Ludhiana Stock Exchange Limited as Stock Exchange, vide EXIT order dated 30.12.2014.
In the light of above and in terms of Clause 3 of SEBI circular no. MRD/DOP/SE/Cir-36/2008 dated December 29, 2008 upon de-recognition of Ludhiana Stock Exchange Ltd, SEBI registration certificates as Trading Members of Exchange stand cancelled. However, SEBI registration certificates of the Trading Members as Sub-Brokers of L.S.E. Securities Limited on NSE and/ or BSE shall continue to be valid. All the Investors of Sub-Brokers shall continue to trade through LSC Securities Limited and avail DP Services without any interruption.
The Company 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.
DETAILS OF PRESIDENTS AND VICE PRESIDENTS
Ludhiana Stock and Capital Limited Salutes its President/Chairmen vice Present/Vice Chairman
| PRESIDENTS/ CHAIRMEN | |||
| Sr. No. | Name of the person | Tenure | |
| 1 | Sh. S.P. Oswal | 16.08.1983 to 27.07.1986 | |
| 2 | Sh. B.M. Munjal | 28.07.1986 to 15.10.1989 | |
| 3 | Sh. V.N. Dhiri |
16.10.1989 to 30.10.1992
30.09.1998 to 04.10.2000 |
|
| 4 | Sh. G.S. Dhodi | 31.10.1992 to 22.12.1993 | |
| 5 | Sh. Jaspal Singh |
23.12.1993 to 05.10.1995
01.10.1996 to 29.09.1998 06.10.2001 to 01.07.2002 |
|
| 6 | Sh. M.S. Gandhi | 06.10.1995 to 30.09.1996 | |
| 7 | Sh. R.C. Singal | 05.10.2000 to 05.10.2001 | |
| 8 | Dr. B. B. Tandon | 25.06.2007 to 10.12.2007 | |
| 9 | Sh. S.P. Sharma | 15.07.2007 to 23.09.2008 | |
| 10 | Sh. Jagmohan Krishan | 23.09.2008 to 29.09.2009 | |
| 11 | Prof. Padam Parkash Kansal | 30.09.2009 to 18.08.2012 | |
| 12 | Sh. Joginder Kumar | 19.08.2012 to 18.09.2012 | |
| 13 | Sh. Ved Parkash Gaur | 18.02.2013 to 30.09.2014 | |
| 14 | Sh. Jagmohan Krishan | 18.12.2014 to 27.09.2019 | |
| 15 | Sh. Jaspal Singh | 09.10.2019 to 22.07.2020 | |
| 16 | Sh. Tribhawan Singh Thapar | 07.11.2020 to till date | |
| VICE PRESIDENTS/ VICE CHAIRMEN | |||
| Sr. No. | Name of the person | Tenure | |
| 1 | Sh. Rajinder Verma | 14.07.1984 to 08.08.1987 | |
| 2 | Sh. B.K. Arora |
09.08.1987 to 15.10.1989 31.10.1992 to 22.12.1993 |
|
| 3 | Sh. G.S. Dhodi | 28.10.1991 to 30.10.1992 | |
| 4 | Sh. B.S. Sidhu |
16.10.1989 to 27.10.1991 23.12.1993 to 05.10.1995 |
|
| 5 | Sh. D.P. Gandhi | 06.10.1995 to 26.09.1997 | |
| 6 | Sh. M. S. Sarna | 27.09.1997 to 29.09.1998 | |
| 7 | Sh. T.S. Thapar | 30.09.1998 to 04.10.2000 | |
| 8 | Sh. Tarvinder Dhingra | 05.10.2000 to 05.10.2001 | |
| 9 | Dr. Rajiv Kalra | 06.10.2001 to 01.07.2002 | |
| 10 | Sh. D.K. Malhotra | 25.06.2007 to 10.12.2007 | |
| 11 | Sh. Jagmohan Krishan | 15.07.2007 to 23.09.2008 | |
| 12 | Sh./ Ravinder Nath Sethi | 23.09.2008 to 08.10.2008 | |
| 13 | Prof. Padam Parkash Kansal | 09.10.2008 to 10.09.2009 | |
| 14 | Sh. Joginder Kumar | 30.09.2009 to 18.09.2012 | |
| 15 | Sh. Jaspal Singh | 09.01.2015 to 09.10.2019 | |
| 16 | Sh. Tribhawan Singh Thapar | 09.10.2019 to 07.11.2020 | |
| 17 | Sh. Sanjeev Gupta | 07.11.2020 to till date | |
BOARD OF DIRECTOR
The Governing Board of the Company comprises of eight Directors, out of which six are elected Directors and two are Professional Directors who are eminent persons in the fields of Finance and Accounts, Education etc.
The present composition of the Governing Board is as under:-
| Sr. No. | Name of Director | Designation | Date Of Appointment |
| 1 | Sh. Tribhawan Singh Thapar | Chairperson | 12.12.2020 |
| 2 | Sh. Sanjeev Gupta | Vice-Chairperson | 30.09.2022 |
| 3 | Sh. Ashok Kumar | Director | 30.09.2022 |
| 4 | Sh. Vikas Batra | Director | 28.09.2021 |
| 5 | Sh. Rakesh Gupta | Director | 12.12.2020 |
| 6 | Sh. Baldev Raj Kalra | Director | 28.09.2021 |
| 7 | Sh. Ved Parkash Gaur | Professional Director | 01.10.2022 |
INFRASTRUCTURE AND ASSETS BASE AT LUDHIANA STOCK AND CAPITAL LIMITED
The company is located in its own six storeyed, centrally air-conditioned building at Feroze Gandhi Market, Ferozepur Road, Ludhiana. The building has 262 rooms 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 members. The first floor also has canteen facility. Basement of the building has parking facility besides air-conditioning plant and Generators to provide air-conditioned environment and twenty-four hours power back up.
The Company has another partly built plot of land measuring 2333 sq. yards in the prime location of city
STATUS OF OUR SUBSIDIARY LSC SECURITIES LIMITED
The Subsidiary Company viz. LSC Securities Limited has been successful in enlarging its client base both in terms of trading activities as well as Depository services, since its inception in 2000.
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.