K&Q (Bangladesh) Limited, listed on the stock exchange, has been transferred from the ‘B’ category to the ‘Z’ category. This information was revealed by DSE sources.

The company was transferred to the ‘Z’ category due to its failure to distribute dividends within the stipulated time. The company will trade in the ‘Z’ category from Tuesday (February 04).

Meanwhile, the DSE has directed broker houses and merchant banks not to provide credit facilities to the company due to the category change.