Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 293

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 293
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 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 year/period ended April 30, 2024 and October 31, 2024.

| 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, 2024 and October 31, 2024, and through the issuance date of these unaudited interim condensed consolidated financial statements.

| 29. | Dividend 
 paid     |

During the six months ended October 31, 2023, subsidiary Herlin Pte. Ltd. declared an interim exempt (one-tier) dividend of SGD0.50 per share amounting to a total of SGD250,000 for the financial year ended April 30, 2024.

During the six months ended October 31, 2024, subsidiary Herlin Pte. Ltd. declared an interim exempt (one-tier) dividend of SGD0.40 and SGD0.60 per share amounting to a total of SGD200,000 and SGD300,000 respectively for the financial year ending April 30, 2025.

| 30. | Events                 
 after reporting period |

The Group evaluated all events and transactions that from October 31, 2024 up through May 28, 2025 which is the date that these unaudited interim condensed consolidated financial statements are available to be issued, there were no other any material subsequent events that require disclosure in these unaudited interim condensed consolidated financial statements except below:

On November 18, 2024, the subsidiary Herlin Pte. Ltd. has declared an interim exempt (one-tier) dividend of SGD2.20 per share amounting to SGD1.1 million for the financial year ending April 30, 2025.

On December 12, 2024, director’s loan amounted to SGD200,000 is capitalized by the allotment and issuance of 200,000 ordinary