Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 295

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 295
---
 offering expenses of approximately USD1,120,000 payable by us.

Accounting

The unaudited pro forma condensed consolidated statement of financial position and statement of profit or loss and other comprehensive income reflect the accrual of the dividends, the receipt of the proceeds from issuance of ordinary shares in a subsidiary under common control and the expected receipt of offering proceeds up to the minimum amount in a best-efforts minimum offering.

Basis of pro forma presentation

The historical financial information has been adjusted to give pro forma effect to events occurred subsequent to April 30, 2024 are factually supportable. The adjustments presented on the unaudited pro forma condensed consolidated statement of financial position and statement of profit or loss and other comprehensive income have been identified and presented to provide relevant information necessary for an accurate understanding of the subsequent events of the Company.

The unaudited pro forma condensed consolidated statement of financial position and statement of profit or loss and other comprehensive income is for illustrative purposes only. You should not rely on the unaudited pro forma condensed combined financial information as being indicative of the historical financial position and results that would have been achieved should the events happen during the historical period.

As the dividends declared subsequent to April 30, 2024, totaling SGD 1,600,000, do not exceed the net income for the fiscal year ended April 30, 2024, which amounted to SGD 2,007,469, the dividends are not deemed to be paid from the offering proceeds. Accordingly, the preexisting weighted average number of ordinary shares used in computing basic and diluted earnings is not adjusted.

The capitalization table as of October 31, 2024 is
presented on an actual basis and on an as adjusted basis to reflect (i) the issuance and sale of the Ordinary Shares by us in
this offering at the initial public offering price of USD4.50 per Ordinary Share, being the mid-point of the estimated
initial public offering price range set forth on the cover page of this prospectus, after deducting the estimated discounts and commission,
non-accountable expense allowance and the estimated offering expenses payable by us, (ii) the declaration by Herlin of a SGD1.1 million interim tax exempt (one-tier)
dividend on November 18, 2024 and (iii) the receipt of the proceeds from issuance of ordinary
shares in a subsidiary (BNL) under common control.

| F-87 |

<div align='center'>PRO FORMA CONDENSED CONSOLIDATED STATEMENT