What are A, B, N and Z Category Shares?

A-Category Companies: Companies which are regular in holding the Annual General Meetings and have declared dividend at the rate of 10 percent or more in the last English calendar year.

B-Category Companies: Companies which are regular in holding the Annual General Meetings but have failed to declare dividend at least at the rate of 10 percent in the last English calendar year.

N-Category Companies: Newly listed companies except green-field companies which shall be transferred to other categories in accordance with their first dividend declaration and respective compliance after listing of their shares.

Z-Category Companies: Companies which have failed to hold the Annual General Meeting when due or have failed to declare any dividend based on annual performance or which are not in operation continuously for more than six months or whose accumulated loss after adjustment of revenue reserve, if any, exceeds its paid up capital.

If you buy any shares from Category A, B or N, your shares will mature in T+2 settlements cycle (refers to Today + 2 working days). This means you can sell the shares you bought after 2 working days. So, if you buy Category A, B or N shares on Sunday, the trade will be settled on Tuesday. Friday, Saturday, bank and exchange holidays are excluded. 

If you buy any shares from Category Z, your shares will mature in T+3 settlements cycle (refers to Today + 3 working days). This means you can sell the shares you bought after 3 working days.