Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 98

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 7
Chunk 98
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 considered as related party transactions under Singaporean law.

The
related party of the Company with whom transactions are reported in these financial statements are as follows:

  Related                          Relationship                                                                       
  Mr.                              Mr.                                                                                
  BNL                              Subsidiary                                                                         
  Herlin                           Subsidiary                                                                         

Transaction with related
parties

                                                               April 30, 2023                    April 30, 2024                      April 30, 2025                                
                                                               SGD                               SGD                                 SGD                                           
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Director                                                                                                                                                                         
  Advance from/Payment on behalf                                                   (712,503                             (91,741                            (818,707      (627,169  
  Repayment to                                                                      386,644                              50,150                             346,597       265,510  
  Subsidiary                                                                                                                                                                       
  Revenue from electrical works and installation services                           105,408                           4,146,774                           1,067,593       817,828  
  Subcontractors’ costs                                                            (634,441                          (3,617,741                          (1,005,000      (769,879  
  Purchases                                                                           3,550                               2,230                                   -             -  
  Rental charged                                                                          -                               4,000                              12,000         9,193  

  62  

ITEM
8. FINANCIAL INFORMATION