Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 232

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 232
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 is 27 Woodlands Industrial Park E1 #03-15 (Lobby B) Hiangkie Industrial Building Singapore 757718.

These unaudited interim condensed consolidated financial statements comprise the Company and its subsidiaries (the “Group”).

The principal activity of the Company is investment holding. The principal activities of the subsidiaries are disclosed below.

The details of its subsidiaries are as follows:

| Name of subsidiary          | (Country                       
 of incorporation and principal 
 place of business)             |                                                                    | Principal  
 activities | Percentage             
 of effective ownership 
 held by                
 the Company            | April 
   30, 
  2024 |   |     |     |  October 
 31, 2024 |   |
|:----------------------------|:-------------------------------|:-------------------------------------------------------------------|:-----------|:-----------------------|------:|:--|:----|:----|---------:|:--|
| Elec Power Ltd (“Elec”)     |                                | Investment holding                                                 |            |                        |   100 | % |     |     |      100 | % |
| (British Virgin Islands)    |                                |                                                                    |            |                        |       |   |     |     |          |   |
| BNL Engineering Private     
 Limited (“BNL”)             
 (Singapore)                 |                                | Provision of electrical installation and                           
 licensing services for greenfield electrical installation projects |            |                        |   100 | % |     |     |      100 | % |
| Herlin Pte. Ltd. (“Herlin”) 
 (Singapore)                 |                                | Provision of electrical installation and                           
 licensing services for brownfield electrical installation projects |            |                        |   100 | % |     |     |      100 | % |

Organization and reorganization

In order to facilitate the Company’s initial public offering, the Company completed a series of reorganization transactions (the “Reorganization”), whereby, each of the operating and holding entities under the controlling shareholder’s common control before and after the Reorganization, were ultimately contributed to the Company.

On October 25, 2024, the Company was incorporated in the Cayman Islands with limited liability and the initial 1 share was transferred to Mr. Lim Say Wei (“Mr. Lim”) on the same date.

On November 21, 2024, Mr. Lim subsequently transferred the 1 share to his nominee BVI Co, XJL International Ltd. The initial authorized share capital of the Company is currently 500,000,000 Shares