Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 233

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 233
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 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 and 2024.

| 27. | 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 and 2024, and through the issuance date of these consolidated financial statements.

| 28. | 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.

| 29. | Events                 
 after reporting period |

The Group evaluated all events and transactions that from April 30, 2024 up through May 28, 2025 which is the date that these consolidated financial statements are available to be issued, there were no other any material subsequent events that require disclosure in these consolidated financial statements except below:

The subsidiary Herlin Pte. Ltd. has declared an interim exempt (one-tier) dividend for the financial year ending April 30, 2025 on the following dates:

These consolidated financial statements do not reflect the change in share capital and the dividends which will be accounted for in the financial year ending April 30, 2025.

On December 12, 2024