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Objectives Of The Company

LSC Securities Limited is a subsidiary of the Ludhiana Stock Exchange, which was formed with an objective to enhance business and investment opportunities for the investors and members of Ludhiana Stock Exchange at large, through innovative products by encompassing a variety of activities related to the capital market.The company has a paid-up capital of Rs 6.52 crores.

Introduction Of The LSC SECURITIES LTD.

LSC Securities Ltd., was incorporated in January, 2000 with a view to revive the capital market in the region and for taking full advantage of the emerging opportunities being provided by expansion of bigger stock exchanges like NSE and BSE. The company since its inception has marched forward rapidly and achieved many milestone in a short span of existence.

Governing Council

The Council of the management of the Company comprises of 10 directors of which 3are broker members and 7non-brokers. Five non broker members are Independent Directors of eminent status from the field of finance, law and management and remaining two are Chief Executive Officer of LSC Securities Limited and Executive Director of the holding company (Ludhiana Stock Exchange), who are on the Board of the company as ex-officio Directors. Thus the council of management has representation of sub-brokers as well as professionals and subject specialists representing various fields of business activities. Operations of the company are run in a professional, transparent and fair manner keeping in view of the interest of investors as well as other stake-holders.

Corporate Membership Of NSE & BSE

SEBI, at the initiative of LSC, permitted smaller Stock Exchanges, to trade on bigger Stock Exchanges through their subsidiary companies. The Ludhiana Stock Exchange floated its subsidiary company, the LSC Securities Limited, with the objective of obtaining trading rights on bigger Stock Exchanges. It has obtained corporate membership of both NSE and BSE in the first half of year 2000.

Trading At NSE & BSE

The LSC Securities Ltd. commenced trading operations in Capital Market Segments of BSE and NSE in September, 2000 and December 2000 respectively. The turnover of the Company at NSE and BSE is growing by leaps and bounds ever since in incorporation. There was encouraging response from the sub-brokers specially at NSE counters.During the financial year 2005-06, the Company recorded a turnover of Rs. 7975 crores and Rs.3834 crores in "Capital Market" segments of NSE and BSE respectively. For the year ended 2005-2006, there were 128 sub-brokers registered for NSE and 68 for BSE.

F&O Segment Of Nse

The LSC Securities Ltd. commenced trading operations in Future and Options Segment of NSE in February 2002. The Company became the first subsidiary of any Regional Stock Exchange which commenced trading in “F&O” Segment of NSE. Response to trading facilities in the “F&O” segment of NSE has been very encouraging and volumes generated in this segment soon exceeded those in “Capital Market” segment.

Trading Through V-Sats

The LSC Securities Limited has provided facility to its sub-brokers for trading on NSE and BSE through VSAT counters which are located outside Stock Exchange Building. During 2005-2006, 27 sub-brokers of the company have been trading through VSAT on NSE and 13 on BSE.

Certification In Financial Market

In order to provide professional services to the investors of LSC Securities Limited through its sub-brokers, the company motivated its sub-brokers and its staff to qualify the certification in financial markets conducted by NSE. All trading terminals for Capital Market Segment and F&O segment are being operated by the persons after having qualified the said certification

Depository Participant Services – National Securities Depository Limited (NSDL)

The LSC Securities Ltd. commenced its operations as Depository Participant of NSDL in August 2000. The DP services provided by the Company have technology edge over other DPs, as DP of the company is the only On-line Real-Time DP in the region. As a result of efficient services and competitive rates, the Company has been able to increase its market share in the DP business at the cost of other DPs in the region. As on date DP of NSDL and CDSL of the Company at Ludhiana is servicing over 35000 beneficiary accounts.

Depository Participant Services – Central Depository Services (INDIA) Limited (CDSL)

In order to further strengthen its services to sub-brokers and investors, the Company applied for the DP of CDSL. It started DP operations of CDSL in December 2001. With the operationalisation of DP Services of CDSL, the Company has been able to provide delivery of shares to sub-brokers and investors on the day of pay-out which in turn helps the sub-brokers to give timely deliveries to their clients. Introduction of CDSL operations has also enabled the sub-brokers and investors of the Company to timely meet the pay-in obligations of securities purchased by the investors on BSE and sold next day on NSE through the Company and vice-versa.

Expansion Projects

To increase its presence in the region further, the company plans to open its branches of Depository Services in the major cities of the region. To start with, it has already opened its branches at Jalandhar Amritsar and Chandigarh.

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