Cemtrex, Inc. completed its reincorporation from Delaware to Nevada, effective October 7, 2026, at 12:01 a.m. Eastern Time, through a statutory conversion approved by its board and by written consent of the holder of a majority of its outstanding voting power. Each outstanding common, Series C preferred, and Series 1 preferred share converted into one share of the corresponding Nevada class or series.
Stockholder rights changed, including rights under Nevada law and the exclusive-forum, exculpation, and indemnification provisions in the Nevada Articles and Bylaws. Outstanding options, warrants, and other rights continue on the same terms and entitle holders to acquire the same number of corresponding Nevada securities. Common stock remains listed on The Nasdaq Capital Market under CETX, and Series 1 preferred stock remains quoted on the OTC market under CETXP.
CEMTREX INC (CETX) reported that its board of directors approved payment of the upcoming dividend on its Series 1 Preferred Stock in additional shares of Series 1 Preferred Stock, rather than in cash.
The dividend, which carries a 10% annual rate based on a $10.00 per share Preference Amount and is payable semiannually, will be issued in stock on October 7, 2026 to holders of record at the close of business on September 30, 2026. The issuance is reported as an unregistered sale of equity securities.
CEMTREX INC (CETX) filed an amended report to provide detailed historical and pro forma financial information related to its acquisition of substantially all assets of Plant Engineering Services, Inc. (PES), completed on July 1, 2026 through subsidiary AIS Engineering, Inc. Cemtrex agreed to pay $3,500,000 in cash, subject to a working capital adjustment, and assume certain liabilities, with the Seller Parties eligible for up to approximately $1,750,000 of contingent earnout consideration over three years based on gross profit targets.
An audited Statement of Assets Acquired and Liabilities Assumed for PES shows assets of $409,566 and liabilities of $2,755,409, resulting in net assets acquired of $(2,345,843). Contract liabilities of $2,396,007 are expected to be recognized as revenue within a year. The total fair value of purchase price allocated is $3,570,424, including cash consideration after fees, contingent consideration of $859,031, and working capital adjustments. On a pro forma basis, Cemtrex reports combined total assets of $73,607,627, with preliminary goodwill of $5,403,782 and identifiable intangible assets of $419,000 recorded from the PES acquisition.
Cemtrex, Inc. (CETX) obtained majority written consent on September 1, 2026 to convert its state of incorporation from Delaware to Nevada (the “Nevada Reincorporation”) as a statutory conversion, not a merger or new issuer. At the effective time, each outstanding share of Delaware Common Stock, Series C Preferred and Series 1 Preferred will automatically convert into one corresponding Nevada share, with authorized capital remaining 80,000,000 shares. Governance will shift from the Delaware General Corporation Law to the Nevada Revised Statutes, with new Nevada articles and bylaws that embed the preferred-stock terms, provide broad exculpation and indemnification, and adopt exclusive-forum provisions and advance-notice rules. Cemtrex expects its Common Stock to continue trading on the Nasdaq Capital Market as “CETX” and its Series 1 Preferred to remain quoted on OTC as “CETXP,” with no certificate exchange required. The company cites a more statute-based legal framework, potential litigation and franchise-tax savings, and continuity of management, operations and capital structure as key reasons for the move.
Cemtrex Inc. is the subject of an amended ownership report by Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC. As of the close of business on June 30, 2026, the reporting group may be deemed to beneficially own 398,734 shares of Cemtrex common stock, all issuable upon exercise of a warrant held by Intracoastal. These shares represent 3.5% of the common stock, calculated using 11,121,834 shares outstanding as of May 13, 2026 plus the warrant shares. The reporting persons report 0 shares with sole voting or dispositive power and 398,734 shares with shared voting and dispositive power, and state that they hold 5 percent or less of the class.
Cemtrex Inc., through its Advanced Industrial Services (AIS) subsidiary, completed the acquisition of substantially all assets of Plant Engineering Services (PES) on July 1, 2026 under an Asset Purchase Agreement. The cash purchase price was $3,500,000, plus assumed liabilities and potential contingent earnout based on gross profit targets.
PES adds full-service engineering capabilities in hydraulic and mechanical press systems, enhancing AIS’s industrial services platform and expanding reach into automotive and defense markets. Based on historical performance and backlog, PES is expected to contribute about $4–$5 million in revenue over the next twelve months and be profitable from day one.
Cemtrex has also issued approximately 609,000 shares of common stock in unregistered transactions since its 1-for-10 reverse stock split on June 5, 2026. As of July 2, 2026, the company had about 1,721,141 common shares outstanding.
Cemtrex, Inc. is implementing a reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on June 5, 2026, following prior stockholder approval. As of this filing, the company has 11,121,834 shares of common stock outstanding.
The move is intended to help Cemtrex regain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a closing bid price of at least $1 per share for ten consecutive business days. After the split, common stock will trade on a split-adjusted basis under the same symbol, CETX, with a new CUSIP number 15130G865.
Fractional shares will not be issued; most fractional positions will be rounded up, but very small pre-split holdings can be rounded down. The company also discloses 3,975,653 outstanding Adjustable Warrants at an exercise price of $0.75 per share, whose terms will lower the post-split exercise price and significantly increase the number of underlying shares.
Cemtrex, Inc. reported results for the quarter ended March 31, 2026 with revenue of $18.1 million, down from $27.3 million a year earlier, but posted net income attributable to stockholders of $907,048, largely influenced by non‑operating items.
For the first six months of fiscal 2026, revenue was $34.2 million versus $41.0 million in the prior‑year period, and Cemtrex recorded a net loss of $19.6 million. Cash used in operating activities was $5.3 million, while financing activities provided $20.9 million, including a $10.0 million equity offering and warrant exercises.
The company completed two acquisitions: Invocon, Inc. for cash consideration of $7.06 million (recognizing $3.98 million of goodwill and $3.13 million of intangible assets) and the assets of Richland Industries LLC with total preliminary consideration of $5.44 million and a recorded bargain purchase gain of $2.07 million.
Despite ending the quarter with $7.9 million in cash, cash equivalents and restricted cash and total assets of $70.7 million, management disclosed that recurring large net losses, including $28.1 million in fiscal 2025 and substantial debt obligations of $10.8 million due over the next fiscal year, raise substantial doubt about Cemtrex’s ability to continue as a going concern.
Cemtrex Inc. held its Annual Meeting of Shareholders on May 15, 2026, where shareholders voted on board elections and auditor ratification. As of the March 17, 2026 record date, there were 116,513,938 total voting shares. At the meeting, 107,636,697 voting shares were represented, a 92.38% quorum.
Shareholders elected four directors—Saagar Govil, Brian Kwon, Manpreet Singh, and Mitodi Filipov—with each receiving over 102.7 million votes for and small abstain counts, plus 4,399,719 broker non-votes. Shareholders also ratified Grassi & Co. as independent registered public accounting firm for the fiscal year ending September 30, 2026, with 107,273,002 votes for, 125,857 against, and 237,838 abstentions.
Cemtrex Inc. has called its 2026 annual shareholder meeting for May 15, 2026 at the Hyatt Regency Long Island to elect four directors and ratify Grassi & Co. as independent auditor. Shareholders of record as of March 17, 2026 can vote in person or by proxy.
Voting power is heavily influenced by preferred stock: 10,078,089 common shares carry 10,078,089 votes, 50,000 Series C Preferred shares carry 100,881,671 votes, and 2,776,819 Series 1 Preferred shares carry 5,553,638 votes, for a total of 116,513,398 votes. Saagar Govil is Chairman and CEO, with three independent directors serving on the audit committee.
The proxy details significant related-party arrangements, including royalty-based sale terms for Cemtrex XR businesses to the CEO and receivables from entities controlled by current and former executives, as well as continued net losses and pay-versus-performance data for named executive officers.