Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 53

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 53
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,148 |   |     |     | 1,068,895 |   |     |             | 1,414,148 |   |     |     | 1,068,895 |   |
| Total capitalization                                                                                                   |     |                        | 3,058,733 |   |     |     | 2,311,968 |   |     |             | 9,572,093 |   |     |     | 7,235,143 |   |

| 38 |

Indebtedness

A table describing our indebtedness as of and October 31, 2024 are is as follows:

|                    | Type of Debts |                                         | Securities |         | Terms of   
 Repayments |     | Annual        
 interest rate |   |     |    |               April 
 30,   2024   Actual |     |    |           October 
 31, 2024   Actual |
|:-------------------|:--------------|:----------------------------------------|:-----------|:--------|:-----------|:----|:--------------|:--|:----|:---|--------------------:|:----|:---|------------------:|
|                    |               |                                         |            |         |            |     |               |   |     | S$ |                     |     | S$ |                   |
| Bank loans         |               | Personal Guarantee from Mr. Lim Say Wei |            | Monthly |            |     | 2.25% to 7.75 | % |     |    |           1,648,029 |     |    |         1,414,148 |
| Total Indebtedness |               |                                         |            |         |            |     |               |   |     |    |           1,648,029 |     |    |         1,414,148 |

<div align='center'>DILUTION</div>

If you invest in our Ordinary Shares, you will experience dilution to the extent of the difference between the initial public offering price per Ordinary Share you pay in this offering and the pro forma net tangible book value per Ordinary Share immediately after this offering. Dilution results from the fact that the assumed initial public offering price per ordinary share is substantially in excess of the net tangible book value per ordinary share attributable to the existing shareholders for our presently outstanding ordinary shares.

Our net tangible book value as of October 31, 2024 was approximately US$1.4 million, or US