The shares of Bangladesh Monospool Paper Manufacturing Co Ltd and Samata Leather Complex Ltd have been degraded to category Z from B with effect from Saturday as the companies declared no dividend in their annual general meetings for the year ending on June 30 last year.

SEC sources said the scrips of IFIC Bank Ltd, Mita Textiles Ltd and Rose Heaven Ball Pen Ltd will be degraded to category Z from category B with effect from January 8 as they failed to hold their AGMs in 2004.

They also said the scrips of Wata Chemicals Ltd, Khaza Mozaic Tiles and Stone Industries Ltd will be degraded to category Z from category A with effect from January 8 as the companies failed to hold their AGMs in 2004.