Cemtrex authorizes repurchase of up to 2.3M Series 1 Preferred shares over 3 years

CEMTREX INC

Board approved repurchase of up to 2,300,000 shares of Series 1 Preferred Stock (CETXP).
Program runs from Sept 1, 2023 to Aug 31, 2026; open-market purchases, block trades, or private deals.
Company may also enter into Rule 10b5-1 trading plans to facilitate repurchases; no obligation to buy any specific number.
CEO Saagar Govil said the market currently undervalues the business, citing flexibility to repurchase if conditions persist.

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