Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 278

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 278
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 accrual of the dividends, the receipt of the proceeds from issuance of ordinary shares in a subsidiary under common control and the expected receipt of offering proceeds up to the minimum amount in a best-efforts minimum offering.

Basis of pro forma presentation

The historical financial information has been adjusted to give pro forma effect to events occurred subsequent to April 30, 2024 are factually supportable. The adjustments presented on the unaudited pro forma condensed consolidated statement of financial position and statement of profit or loss and other comprehensive income have been identified and presented to provide relevant information necessary for an accurate understanding of the subsequent events of the Company.

The unaudited pro forma condensed consolidated statement of financial position and statement of profit or loss and other comprehensive income is for illustrative purposes only. You should not rely on the unaudited pro forma condensed combined financial information as being indicative of the historical financial position and results that would have been achieved should the events happen during the historical period.

As the dividends declared subsequent to April 30, 2024, totaling SGD 1,600,000, do not exceed the net income for the fiscal year ended April 30, 2024, which amounted to SGD 2,007,469, the dividends are not deemed to be paid from the offering proceeds. Accordingly, the preexisting weighted average number of ordinary shares used in computing basic and diluted earnings is not adjusted.

The capitalization table as of October 31, 2024 is presented on an actual basis and on an as adjusted basis to reflect the issuance and sale of the Ordinary Shares by us in this offering at the initial public offering price of US$4 per Ordinary Share, the mid-point of the estimated initial public offering price range set forth on the cover page of this prospectus, after deducting the estimated discounts, non-accountable expense allowance and the estimated offering expenses payable by us.

| F-87 |

<div align='center'>PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS OF APRIL 30, 2024
(UNAUDITED)</div>

|                                                       |     | (A)   April 
 30,    2024 |   |     | Transaction 
  Accounting 
 Adjustments |   |     |   Note |     |  Pro Forma |   |
|:------------------------------------------------------|:----|------------:|:--|:----|------------:|:--|:----|-------:|:----|-----------:|:--|
|