5 listed cos degraded to Z category over non-compliance

Business Report :
Five listed companies on the stock exchanges are downgraded to Z category over non-compliance of the securities rules.
Of them, four companies were in A category and one was in B category.
The downgraded companies are: RSRM Steel, Shurid Industries, Apollo Ispat, Northern Jute and Nurani Dyeing.
The companies are downgraded and stock-brokers have been directed to abstain from providing margin loan facility, says on the stock exchanges website on Sunday.
A-Category Companies: Companies which are regular in holding the Annual General Meetings and have declared dividends at the rate of 10 percent or more in a year.