Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 52

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 52
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 the company being unable to pay its debts as they fall due in the ordinary course of business. If our Board decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the Board may deem relevant. In addition, we are a holding company and depend on the receipt of dividends and other distributions from our subsidiaries to pay dividends on our Ordinary Shares.

Even if our Board decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the Board may deem relevant. In addition, we are a holding company and depend on the receipt of dividends and other distributions from our subsidiaries to pay dividends on our Ordinary Shares.

There are no foreign exchange controls or foreign exchange regulations under current applicable laws of the various places of incorporation of our significant subsidiaries that would affect the payment or remittance of dividends.

For the financial year ended April 30,
2025, Herlin declared aggregate interim tax exempt (one-tier) dividends of S$1,600,000 to Mr. Lim of which S$1,000,000
has been paid and S$600,000 is still outstanding. The outstanding dividend payable is unsecured, interest-free and repayable on
demand. The outstanding dividend payable is considered a short term liability, though the Company does not expect to repay it in the
next 12 months. Mr. Lim is our Chief Executive Director, and the controlling shareholder of our Company. See “Related Party Transactions.”

| 37 |

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

The following table sets forth our capitalization as of October 31, 2024 presented on:

| ● | an                
 actual basis; and |

| ● | on                                                                                                                                                
 an as adjusted basis to reflect (i) the issuance and sale of the Ordinary Shares by                                                               
 us in this offering assuming no change to the number of Ordinary Shares offered by us                                                             
 as set forth on the cover page of this prospectus at an assumed initial public offering                                                           
 price of US$4.50 per Ordinary Share, being the mid-point of the estimated initial                                                                 
 public offering price range set forth on the cover page of this prospectus, after deducting                                                       
 the estimated underwriting discounts and commissions, non-accountable expense allowance                                                           
 and the estimated offering expenses (US$1,120,000) payable by us, (ii