Green Circle Decarbonize Technology Ltd is facing significant challenges as it announced on November 4, 2026, that it has received a notification from NYSE American LLC regarding the potential delisting of its Class A Ordinary Shares. The company was informed that NYSE Regulation determined to commence proceedings to delist its shares due to their low selling price. This development is crucial as it marks a pivotal moment for the company, which has been a provider of customized energy-saving solutions.

On November 3, 2026, trading in Green Circle's Ordinary Shares was suspended immediately upon receipt of the notification. The company has indicated its intention to appeal the NYSE Regulation's delisting determination, which it plans to do within the required seven calendar days. The transition to the OTC Pink Limited Market is anticipated, where the shares will continue to trade under the symbol "GCDT." This shift is not expected to disrupt the company’s business operations or its relationships with partners and employees.

Background

Green Circle Decarbonize Technology Ltd, incorporated in the Cayman Islands, operates primarily through its Hong Kong subsidiary, Boca International Limited. The company specializes in advanced energy-saving solutions and is classified under the SIC code 3585, which pertains to air conditioning and warm air heating equipment and commercial and industrial refrigeration equipment. Its shares are traded on the New York Stock Exchange under the ticker GCDT.

What the Filing Says

The SEC filing states, "Green Circle Decarbonize Technology Limited... received notification from NYSE American LLC that NYSE Regulation had determined to commence proceedings to delist the Company’s Class A Ordinary Shares... trading in the Ordinary Shares had been suspended effective immediately." The company also confirmed its plan to transition to the OTC Market.

Impact

This situation may affect shareholders and investors who hold Green Circle's Ordinary Shares, as trading will move to a less regulated OTC market, which could impact liquidity and share price stability. The company's decision to appeal the NYSE's determination indicates its commitment to maintaining its listing status and addressing the issues that led to this situation.

What's Next

Green Circle Decarbonize Technology Ltd intends to submit a written request for review of the NYSE Regulation's delisting determination within the applicable seven-day period. The filing does not specify what happens next beyond this appeal.