Company: EGG
Filing Date: 2025-04-24
Form Type: F-1/A
Source: 0001641172-25-005939
Chunk: 207

Company: ENIGMATIG LTD
Filing Date: 2025-04-24
Form: F-1/A
Chunk 207
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 aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements. Results of operations for the periods presented comprise those of the previously separate entities combined from the beginning of the period to the end of the period eliminating the effects of intra-entity transactions.

| F-19 |

<div align='center'>ENIGMATIG LIMITED (FORMERLY KNOWN AS DESFRAN HOLDINGS LIMITED)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 11 | Related party transactions and balances |

The table below sets forth the major related parties and their relationships with the Company as of September 30, 2024, 2023 and 2022:

| Name               
 of related parties |     | Relationship                         
 with the Company                     |
| Desfran            
 Consulting DMCC    |     | Controlled                           
 by entity’s shareholder, Desmond Foo |
| Desmond            
 Foo                |     | Shareholder                          
 and director of the Company          |

Due from related party

The Company gave advances to Desfran Consulting DMCC for working capital purposes. The receivable balance due from Desfran Consulting DMCC was recorded under other current asset with amount $nil, $30,467 and $18,450 as of September 30, 2024, 2023 and 2022, respectively. Such balance is interest free, unsecured, and due on demand without an agreement.

Amount due from shareholder (Desmond Foo)

The director, Desmond Foo collected receipts from customers on behalf of the Company. The receivable balance due from director was $nil, $732,482 and $1,533,977 as of September 30, 2024, 2023 and 2022, respectively. In addition, the director took an advance from the Company over a short period of time. Such balance is interest free, unsecured, and due on demand without an agreement.

Loan from shareholder (Desmond Foo)

The shareholder and director Desmond Foo gave advances to the Company for working capital purposes. The loan was $nil, $1,062,585 and $715,345 as of September 30, 2024, 2023 and 2022, respectively. Such balance is interest free, unsecured and due on demand.

| 12 | Income taxes |

Cayman Islands, Seychelles and BVIs

The Company and its subsidiary, Enigmatig Corp Limited and Enigmatig (BVI) Limited, are domiciled in the Cayman Islands,