Shares of three companies listed on the stock exchange have been transferred to the ‘Z’ category, effective from Wednesday (January 29).

The companies are Asiatic Laboratories, Kashem Industries and Intraco Re-Fueling Station Limited.

The Dhaka Stock Exchange (DSE) said that the shares of the companies have been downgraded to the ‘Z’ category as the declared dividends were not distributed among the shareholders within the stipulated time.