Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 247

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 247
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.90%, 4.90%, 4.50%, 4.50%, 4.90%, 2.70%, 3% and 3.40% of the issued share capital of the Company.

On May 27, 2025, for purposes of
recapitalization in anticipation of the initial public offering, the Company amended its memorandum of association to effect a 1:40 forward
share split and changed the authorized share capital to USD500,000 divided into 20,000,000,000 ordinary shares with a par value of USD0.000025
each. Concurrently, XJL International Ltd, Beyond Merchant Limited, KeyStone Builders Group Limited, Kingkey Holdings (International)
Limited, Canningale Investments Limited, SwiftBuild Solutions Group Limited, Ms. Cheng, Mr. Chi and Mr. Choo surrendered 4,468,800, 325,850,
325,850, 299,250, 299,250, 325,850, 179,550, 199,500 and 226,100 ordinary shares to the Company respectively. After the recapitalization,
their respective shareholdings are 22,411,200, 1,634,150, 1,634,150, 1,500,750, 1,500,750, 1,634,150, 900,450, 1,000,500 and 1,133,900.
There was no change in the shareholders’ respective ownership percentages following the recapitalization.

The Reorganization was completed
on March 19, 2025. Through the Reorganization, the Company became the holding company of the subsidiaries comprising the Group. As the
Group were under the same control of the ultimate controlling party, Mr. Lim, accordingly, the financial statements are prepared on a
consolidated basis by applying the principles of common control as if the Reorganization had been completed at the beginning of the first
reporting period.

There have been no significant changes in the nature of these activities during the financial year/period ended April 30, 2024 and October 31, 2024.

| 2. | Material                      
 accounting policy information |

| 2.1 | Basis          
 of preparation |

The unaudited interim condensed consolidated financial statements of the Company do not include all the information and footnotes required by the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board for a complete set