STOCK TITAN

PetVivo Holdings (NASDAQ: PETV) names GuzmanGray as new auditor for 2027 audits

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

PetVivo Holdings, Inc. reported a change in its independent auditors. Stephano Slack LLC resigned as the company’s independent registered public accounting firm, effective July 2, 2026, after auditing the fiscal years ended March 31, 2026 and March 31, 2025. Those audit reports contained no adverse or disclaimed opinions and were not qualified, but the 2026 report included an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern, which is treated as a reportable event. The company states there were no disagreements with Stephano Slack on accounting or auditing matters.

On July 23, 2026, with Audit Committee approval, PetVivo engaged GuzmanGray, A Professional Accountancy Corporation, as its new independent registered public accounting firm for the fiscal year ending March 31, 2027, including interim review periods ending June 30, September 30, and December 31, 2026. PetVivo reports it had not previously consulted GuzmanGray on accounting, auditing, or financial reporting issues.

Positive

  • None.

Negative

  • Going-concern uncertainty was disclosed in the March 31, 2026 audit report, which included an explanatory paragraph expressing substantial doubt about PetVivo’s ability to continue as a going concern.
  • Auditor resignation occurred when Stephano Slack LLC resigned as independent registered public accounting firm, effective July 2, 2026, prompting the appointment of a new audit firm.

Filing Explained

As of March 31, 2026, cash equaled 22.2 days of the last reported quarterly operating cash use.

The fiscal 2026 audit report contains an explanatory paragraph expressing substantial doubt about the company’s ability to fund operations for the next 12 months; this is a going-concern qualification, meaning an auditor or management statement of substantial doubt about that funding ability.

As of March 31, 2026, PetVivo reported $200,782 of cash and equivalents and negative quarterly operating cash flow of $812,382; that cash equaled 22.2 days of the last reported quarterly operating cash use.

Sources and calculations
  • PetVivo Holdings Form 8-K (2026-07-23)
  • Going-concern qualification (2026-07-17)
  • PetVivo latest quarterly fundamentals (2026-03-31)
  • Cash and equivalents vs quarterly operating cash outflow, in days of cash use $200,782 / ($812,382 / 90) = [object Object]
Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Auditor resignation effective date July 2, 2026 Effective date of Stephano Slack’s resignation as independent registered public accounting firm
Engagement date of new auditor July 23, 2026 Date GuzmanGray was engaged as PetVivo’s new independent registered public accounting firm
Fiscal years previously audited March 31, 2026 and March 31, 2025 Fiscal years for which Stephano Slack issued audit reports
Upcoming fiscal year to be audited Fiscal year ending March 31, 2027 Period for which GuzmanGray will serve as independent registered public accounting firm
Interim review periods June 30, 2026; September 30, 2026; December 31, 2026 Interim periods GuzmanGray will review during the 2027 fiscal year
independent registered public accounting firm financial
"from its role as independent registered public accounting firm for PetVivo Holdings"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
going concern financial
"expressing substantial doubt about the Company’s ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
reportable event regulatory
"there was a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K)"
Regulation S-K regulatory
"within the meaning of Item 304(a)(1)(iv) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What change in auditors did PetVivo Holdings (PETV) disclose?

PetVivo reported that Stephano Slack LLC resigned as its independent registered public accounting firm, effective July 2, 2026. On July 23, 2026, the Audit Committee approved the engagement of GuzmanGray, A Professional Accountancy Corporation, as the new independent registered public accounting firm.

Did PetVivo Holdings (PETV) report any going-concern issues?

Yes. The audit report on PetVivo’s consolidated financial statements for the year ended March 31, 2026 included an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern, which the company identified as a reportable event under Regulation S-K.

Were there disagreements between PetVivo (PETV) and Stephano Slack?

PetVivo states there were no disagreements with Stephano Slack on accounting principles, practices, financial statement disclosure, or auditing scope during the fiscal years ended March 31, 2026 and 2025 and through July 23, 2026, aside from the going-concern explanatory paragraph noted in the 2026 audit report.

What work will GuzmanGray perform for PetVivo (PETV)?

GuzmanGray was engaged as PetVivo’s independent registered public accounting firm for the fiscal year ending March 31, 2027. The engagement also covers interim review periods ending June 30, 2026, September 30, 2026, and December 31, 2026, according to the company’s disclosure.

Had PetVivo (PETV) previously consulted GuzmanGray on accounting matters?

No. PetVivo reports that neither the company nor anyone acting on its behalf had consulted GuzmanGray on accounting principles, auditing issues, or financial reporting matters, nor on any potential audit opinions, during the fiscal years ended March 31, 2026 and 2025 and through July 23, 2026.

How did Stephano Slack’s prior audit opinions on PetVivo (PETV) look?

Stephano Slack’s reports on PetVivo’s consolidated financial statements for the fiscal years ended March 31, 2026 and March 31, 2025 contained no adverse opinions or disclaimers and were not qualified or modified as to uncertainty, audit scope, or accounting principles, apart from the going-concern explanatory paragraph in 2026.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

July 23, 2026

Date of Report (Date of earliest event reported)

 

PETVIVO HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40715   99-0363559

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

5151 Edina Industrial Blvd.

Suite 575

Edina, Minnesota

  55439
(Address of principal executive offices)   (Zip Code)

 

(952) 405-6216

Registrant’s telephone number, including area code

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(g) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered*
Common Stock   PETV   OTCQX
Warrants   PETVW   OTCID

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 4.01. Changes in Registrant’s Certifying Accountant.

 

Resignation of Independent Registered Public Accounting Firm

 

On July 23, 2026, Stephano Slack LLC (“Stephano Slack”) informed us of their resignation, effective July 2, 2026, from its role as independent registered public accounting firm for PetVivo Holdings, Inc. (the “Company”).

 

Stephano Slack’s reports on the Company’s consolidated financial statements as of and for the fiscal years ended March 31, 2026 and March 31, 2025 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

 

During the fiscal years ended March 31, 2026 and March 31, 2025 and the subsequent interim period through July 23, 2026, (i) there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K, between the Company and Stephano Slack on any matter of accounting principles or practices.

 

During the fiscal year ended March 31, 2026 and the subsequent interim period through the date of dismissal, there was a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K). Specifically, Stephano’s report on the Company’s consolidated financial statements for the fiscal year ended March 31, 2026 contained an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern. Except for the foregoing, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

The Company provided Stephano Slack with a copy of the above disclosures and requested that Stephano Slack furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein. A copy of Stephano Slack’s letter dated July 23, 2026 is filed as Exhibit 16.1 to this Current Report on Form 8-K.

 

Newly Engaged Independent Registered Public Accounting Firm

 

On July 23, 2026, upon approval by the Audit Committee, the Company engaged GuzmanGray, A Professional Accountancy Corporation (“GuzmanGray”), effective as of such date, as the Company’s new independent registered public accounting firm for the fiscal year ending March 31, 2027 including interim review periods ending June 30, 2026, September 30, 2026 and December 31, 2026.

 

During the Company’s fiscal years ended March 31, 2026 and March 31, 2025 and the subsequent interim period through July 23, 2026, neither the Company nor anyone on its behalf has consulted with GuzmanGray regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that GuzmanGray concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits – The following exhibits are filed as part of this report:

 

16.1   Letter from Stephano Slack, LLC addressed to the Securities and Exchange Commission dated July 23, 2026
     
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized

 

  PETVIVO HOLDINGS, INC.
     
Date: July 27, 2026 By: /s/ John Lai
  Name: John Lai
  Title: Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

6 documents