Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 290

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 290
---
 BNL Engineering Private Limited increased from SGD500,000 to SGD700,000 after the capitalization of director’s loan.

These unaudited interim condensed consolidated financial statements do not reflect the change in share capital and dividends which will be accounted for in the financial year ending April 30, 2025.

For the sake of undertaking a public offering of the Company’s ordinary shares, the Company has performed a series of reorganization transactions, and the Reorganization is completed on March 19, 2025. Subsequently on May 27, 2025, the Company completed the recapitalization (Note 1).

| F-86 |

<div align='center'>UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

Introduction

The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X and should be read in conjunction with the accompanying notes.

Description of the events

| 1. | Planned                                                     
 distributions not reflected in the historical balance sheet |

The subsidiary Herlin Pte. Ltd. has declared an interim exempt (one-tier) dividend for the financial year ending April 30, 2025 on the following dates:

| (i) | June                                                                                     
 3, 2024 declared an interim exempt (one-tier) dividend of SGD0.40 per share amounting to 
 SGD200,000;                                                                              |

| (ii) | October                                                                                   
 30, 2024 declared an interim exempt (one-tier) dividend of SGD0.60 per share amounting to 
 SGD300,000; and                                                                           |

| 2. | Capitalization                       
 of SGD 200,000 loan to share capital |

On December 12, 2024, director’s loan amounted to SGD200,000 is capitalized by the allotment and issuance of 200,000 ordinary shares in the share capital of the subsidiary BNL Engineering Private Limited to the director. Share capital of the subsidiary BNL Engineering Private Limited increased from SGD500,000 to SGD700,000 after the capitalization of director’s loan.

| 3. | Capitalization |

We estimate that the net proceeds from this offering of our ordinary shares will be approximately USD5,711,000, based on an assumed public offering price of USD4.50 per share, after deducting underwriting discounts and commissions, non-accountable expense allowance and estimated offering expenses of approximately USD1,120,000 payable by us.

Accounting

The una