Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 763

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 2
Chunk 763
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 smaller reporting company, we may take advantage of exemptions from various reporting requirements that are applicable
to other public companies that are not smaller reporting companies. Additionally, this Report does not contain an attestation report
of our registered public accounting firm regarding internal control over financial reporting since the Company, as an “emerging
growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012,
is not required to provide such report.

The
management of Trio Petroleum Corp., including our principal financial officer, conducted an evaluation of the effectiveness of the Company’s
internal control over financial reporting as of October 31, 2024 using the criteria set forth by the Committee of Sponsoring Organizations
of the Treadway Commission (“COSO”) in “Internal Control - Integrated Framework” (2013).

Management
concluded that the Company’s internal control over financial reporting was effective as of October 31, 2024, based on those criteria.

Changes
in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange
Act) during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

ITEM
9B. OTHER INFORMATION.

(c)
Insider Trading Arrangements

During
the quarterly period ended October 31, 2024, none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange
Act) adopted or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,”
as each term is defined in Item 408 of Regulation S-K.

ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.

Not
applicable.

44

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The
following table sets forth the name and age as of January 15, 2024, and position of the individuals who currently serve as directors
and executive officers of the Company. The following also includes certain information regarding the individual experience, qualifications,
attributes and skills of our directors and executive officers as well as brief statements of those aspects of our directors’