Green Circle Decarbonize increases authorized share capital

Green Circle Decarbonize Technology Limited announced on August 14, 2026 that its share capital and structure have been modified and approved by shareholders. The decision, made effective one month later, raised the authorized share capital from $50 million to $5 billion, increasing the number of shares available. This allowed for the reclassification of shares into two types: Class A and Class B, each with a par value of $0.001.

Existing shares were re-designated as Class A, while the company made significant repurchases of shares held by Joyful Star Limited and Green Circle Limited, issuing an equal number of Class B shares in return. This strategic move ensures that each Class A share has one vote, while Class B shares carry 50 votes per share, reflecting the company's commitment to investor engagement and governance.