GROOVE BOTANICALS INC. 8-K

What Happened
Groove Botanicals, Inc. (GRVE) filed an 8-K on May 22, 2026 disclosing that its independent registered public accounting firm, M. S. Madhava Rao (PCAOB ID 06662), resigned effective May 13, 2026. The company’s Board of Directors, which also serves as its audit committee, accepted the resignation and has authorized the predecessor auditor to respond to inquiries from the successor auditors, GSKCA & Associates.

Key Details

• Resignation date: May 13, 2026; disclosure filed May 22, 2026.
• Successor auditor: GSKCA & Associates was named to replace M. S. Madhava Rao.
• Prior audit reports for fiscal years ended March 31, 2025 and March 31, 2024 were unmodified (no adverse or disclaimer opinions) but included an explanatory paragraph about substantial doubt regarding the company’s ability to continue as a going concern.
• The company reported no disagreements with the former auditor on accounting, disclosure, or auditing scope, and no “reportable events” occurred during the two most recent fiscal years and the interim period through May 13, 2026.

Why It Matters
A change of independent auditor is a governance event investors monitor because it can affect financial reporting continuity and oversight. In this case, the predecessor’s audits were not qualified, but they did include going-concern language for the last two fiscal years, which signals prior concerns about the company’s financial viability. The filing notes no disagreements or reportable events with the departing auditor, and the board has cooperated with the successor—factors that reduce immediate red flags but warrant attention to future audit reports and any updates on the company’s financial condition.