Fri, Jan 10, 9:01 PM (38 days ago)
Cemtrex, Inc. (CETX) filed Amendment No. 1 to its Form 10-K for the fiscal year ending September 30, 2024, primarily to correct the beneficial ownership table by including previously omitted 5% shareholders. The amendment does not alter any financial statements or disclosures regarding revenue, net income, or operating expenses, and thus does not provide updated financial performance metrics or future outlooks. As of December 23, 2024, Cemtrex had 1,724,162 shares of common stock outstanding, with significant ownership stakes held by Saagar Govil and certain investment firms, each holding 9.99% of the common stock. The amendment emphasizes compliance with SEC regulations, including new certifications from executive officers. No changes to financial condition, market position, or risk factors were disclosed in this amendment, and it should be read in conjunction with the original filing dated December 30, 2024. The focus remains on enhancing transparency regarding shareholder ownership rather than altering financial results or strategic direction.