PetVivo Holdings Replaces Auditor After Going-Concern Note

What Happened

• PetVivo Holdings, Inc. (PETV) filed an 8-K on July 27, 2026 disclosing that Stephano Slack LLC resigned as the company's independent registered public accounting firm. Stephano Slack notified the company on July 23, 2026 that its resignation was effective July 2, 2026.
• Stephano Slack’s audit reports for the fiscal years ended March 31, 2026 and March 31, 2025 were not adverse, qualified or disclaimed; however, the FY2026 report included an explanatory paragraph expressing substantial doubt about PetVivo’s ability to continue as a going concern. The firm identified that as a reportable event under SEC rules.
• On July 23, 2026, the company’s Audit Committee engaged GuzmanGray, A Professional Accountancy Corporation, as the new independent registered public accounting firm effective that date for the fiscal year ending March 31, 2027 and interim review periods including June 30, 2026.

Key Details

• Stephano Slack resignation effective: July 2, 2026; company notified and disclosure dated July 23, 2026.
• Going-concern explanatory paragraph appeared in Stephano Slack’s report on the consolidated financial statements for year ended March 31, 2026.
• New auditor engaged: GuzmanGray, effective July 23, 2026, to cover FY ending March 31, 2027 and interim reviews (6/30/26, 9/30/26, 12/31/26).
• Company states there were no disagreements with Stephano Slack on accounting matters for FY2026, FY2025, or the interim period through July 23, 2026.

Why It Matters

• An auditor resignation coupled with a going-concern explanatory paragraph is material information for investors because it highlights the auditor’s view of uncertainty about the company’s ability to continue operations as reported for FY2026.
• The new auditor will perform upcoming interim reviews and the FY2027 audit, which may affect the timing, scope or conclusions of future financial statements and disclosures. Investors should watch for GuzmanGray’s interim review results and any management discussion about liquidity, funding or remediation steps.