Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 46

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 discount experience. We believe that these actions will remediate
the material weaknesses with our internal control over financial reporting. Management plans 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 June 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 June 30, 2025, our internal control over financial reporting was not effective.

30

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

In
addition to the other information set forth in this Quarterly Report, you should carefully consider the factors discussed in Part I,
Item 1A Risk Factors in our Annual Report on Form 10-K for our fiscal year ended March 31, 2025. The risks discussed in our Annual Report
on Form 10-K could materially affect our business, financial condition, and future results. The risks described in our Annual Report
on Form 10-K are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem
to be insignificant also may materially and adversely affect our business, financial condition, or operating results in the future.

ITEM
2. UNREGISTERED SALES