Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 179

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 179
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 disclosed in Note 1 2

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

27. Capital management

The
primary objective of the Group’s capital management is to ensure that it maintains a strong credit rating and net current asset
position in order to support its business and maximize shareholder value. The capital structure of the Group comprises issued share capital,
reserves and retained earnings.

The
Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the
capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The
Group is not subject to any externally imposed capital requirements. No changes were made to the objectives, policies or processes during
the years ended April 30, 2023,

28. Commitments and contingencies

In
the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and
a variety of other matters. The Group records contingent liabilities resulting from such a claim, when a loss is assessed to be probable,
and the amount of the loss is reasonably estimable.

In
the opinion of management, there were no pending or threatened claim and litigation as of April 30, 2023, 2024 and 2025, and through
the issuance date of these consolidated financial statements.

29. Dividends paid

During
the financial year ended April 30, 2023, subsidiary Herlin Pte. Ltd. declared an interim exempt (one-tier) dividend of SGD0.30 and SGD0.20
per share amounting to a total of SGD150,000 and SGD100,000 respectively for the financial year ended April 30, 2023

During
the financial year ended April 30, 2024, subsidiary Herlin Pte. Ltd. declared an interim exempt (one-tier) dividend of SGD0.50 and SGD0.40
per share amounting to a total of SGD250,000 and SGD200,000 respectively for the financial year ended April 30, 2024

During the financial year ended April
30, 2025, subsidiary Herlin Pte. Ltd. declared interim exempt (one-tier) dividends of SGD0.40, SGD0.60 and SGD2.20 per share amounting
to a total of SGD200,000, SGD300,000