Company: KAVL
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001731122-25-001359
Chunk: 16

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 16
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 he came to
the United States of America in 2002 where he attained a Master’s in Public Health from the University of Oklahoma. We believe that
Mr. Modi is qualified to serve on our Board due to his background in our industry.

Ketankumar Patel, Director.
In 2017, Mr. Patel founded a liquor franchise company called In and Out Liquors, where he oversees strategic plans and operations. Through
that business, he developed a thorough understanding of how to manage and sell high-value, age-restricted products. Mr. Patel is a graduate
of APC College of Pharmacy, Chikhali, Maharastra, India. After obtaining his degree in 2005, Mr. Patel moved to the United States in 2006.
We believe that Mr. Modi is qualified to serve on our Board due to his background in our industry and the business of age-restricted products.

Management Changes

On September 12, 2024, the
Company appointed Mark Thoenes as interim chief executive officer of the Company, effective immediately to succeed Nirajkumar Patel who
unexpectedly passed away on September 7, 2024.

Family Relationships

There are no family relationships among any of our
executive officers or directors.

Legal Proceedings

To the best of our knowledge, none of our directors
or executive officers have, during the past ten years, been involved in any legal proceedings described in subparagraph (f) of Item 401
of Regulation S-K.

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CORPORATE GOVERNANCE</div>

The business and affairs of Kaival are managed under
the direction of the Board. The Board believes that good corporate governance is a critical factor in achieving business success and in
fulfilling the Board’s responsibilities to the Company’s stockholders. The Board believes that its practices align management
and stockholder interests.

The Governance section of the Company website makes
available the Company’s corporate governance materials, including the Certificate of Incorporation, as corrected, as of the date
of this Proxy Statement, and bylaws, the charters for each Board committee, the Company’s Code of Conduct and information about
how to report concerns about the Company. To access these documents on the Company’s website, please visit https://kaivalbrands.com.

Board Composition/Election

Our Board presently consists of four (4) directors
whose terms expire at this Annual Meeting. Our directors are elected annually. The Board has fixed the number of directors at four (4).