Company: PETVW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023398
Chunk: 71

Company: PetVivo Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 71
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 on implementing these remedial steps during
the remainder of the fiscal year. The material weaknesses will not be considered remediated, however, until the applicable controls operate
for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively. We expect
that the remediation of these material weaknesses will be completed prior to the end of our fiscal year ending March 31, 2026.

Changes
in internal control over financial reporting.

Other
than the ongoing remediation efforts described above, there were no changes in our internal control over financial reporting (as defined
in Rules 13a-15(f) and 15d-15(f) under the Exchange Act), during the quarter ended September 30, 2025, that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

Based
on our assessment, our management concluded that as of September 30, 2025, our internal control over financial reporting was not effective.

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PART
II. OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS

From
time to time, we may become involved in legal proceedings arising in the ordinary course of our business, the resolution of which we
do not anticipate would have, individually or in the aggregate, a material adverse effect on our business, financial condition, or results
of operations.

Refer
to Note 11 Commitments and Contingencies, in the Notes to Condensed Consolidated Financial Statements set forth in Part I, Item
1 Financial Statements of this Quarterly Report, for further information regarding legal contingencies.

ITEM
1A. RISK FACTORS

Our
business, financial condition, results of operations, and stock price could be materially and adversely affected by a U.S. federal government
shutdown or a sustained period of economic disruption.

The
government shutdown could impact our business in several ways, including, but not limited to the following:

○Reduced
                                            Spending: The shutdown may lead to reduced government activity and decreased discretionary
                                            spending, which could negatively affect the market for our products and services, particularly
                                            if the shutdown is prolonged.

○Supply
                                            Chain Disruptions: We may experience disruptions in our supply chain if federal
                                            agencies that are critical to the import or export of our goods are affected by the shutdown.

○Limited
                                            Access to Capital Markets: An extended SEC shutdown could impact our access to capital
                                            markets. While the EDGAR system remains operational