Company: KAVL
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001731122-25-001359
Chunk: 33

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 33
---
. We exclude short-term leases having initial terms of 12 months or less from Topic 842 as an accounting
policy election and recognizes rent expense on a straight-line basis over the lease term. On June 10, 2022, we entered into the 2022 Lease
with Just Pick for approximately 21,332 rentable square feet combined in our principal office building and warehouse, together with all
improvements thereon. Just Pick is considered a related party because our then Chief Executive Officer and director, Mr. Nirajkumar Patel,
owned and controled Just Pick.

<div align='center'>PROPOSAL 2</div>

RATIFICATION OF THE SELECTION OF MALONEBAILEY, LLP AS OUR INDEPENDENT AUDITOR FOR THE FISCAL YEAR ENDING OCTOBER 31, 2025 (Item 2 on the Proxy Card)

Proposal: The Board of Directors is asking
that you vote to ratify the Board’s selection of MaloneBailey, LLP (“MaloneBailey”) as our independent registered public accounting firmfor fiscal year ended October 31, 2024.

During the years ended October 31, 2024 and October
31, 2023, we engaged MaloneBailey as our independent registered public accounting firm. For the years ended October 31, 2024 and October
31, 2023, we incurred fees, as discussed below:

|                       |     |   |    2024 |     |   |    2023 |
|:----------------------|:----|:--|--------:|:----|:--|--------:|
| Audit and review fees |     | $ | 227,120 |     | $ | 286,725 |
| Audit-related fees    |     |   |       — |     |   |       — |
| Tax fees              |     |   |       — |     |   |       — |
| All other fees        |     |   | 154,198 |     |   |       — |
| Total                 |     | $ | 381,318 |     | $ | 286,725 |

<div align='center'>20</div>

Pre-Approval Policies and Procedures

All audit fees are approved by the Audit Committee
of our Board. The Audit Committee reviews, and in its sole discretion, pre-approves, our independent auditors’ annual engagement
letter, including proposed fess and all audit and non-audit services provided