Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 274

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 274
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 USD0.000025 each.

As disclosed in Note 1, upon completion
of the reorganization and subsequent recapitalization, and by principal of common control, as of April 30, 2024 and October 31, 2024,
33,350,000 ordinary shares are issued and outstanding.

The fully paid ordinary shares carry one
vote per share and carry a right to dividends as and when declared by the Company.

| F-70 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 11. | Reserves |

Merger reserve

Merger reserve represents the difference between the consideration paid by the Company and the share capital of the subsidiaries acquired under common control.

As disclosed in Note 1, the Company entered into a reorganization agreement with Mr Lim to transfer all the 500,000 shares in BNL amounted to SGD500,000 and 500,000 shares in Herlin amounted to SGD500,000 to its subsidiary, Elec for a total consideration of USD1. As a result, the difference of SGD999,999 is recognized in merger reserve.

Foreign currency translation reserve

Foreign currency translation reserve represents exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency.

Other reserve

Other reserve represents any difference between the change in the carrying amounts of the non-controlling interest
and the fair value of the consideration paid or received is recognized within equity attributable to the equity holders of the Company.

| 12. | Borrowings |

|                          |     |     April 
 30,  2024 |     |   October 
 31,  2024 |     |   October 
 31,  2024 |
|:-------------------------|:----|----------:|:----|----------:|:----|----------:|
|                          |     |       SGD |     |       SGD |     |       USD |
| Borrowings:              |     |           |     |           |     |           |
| Bank borrowings, secured |     | 1,119,444 |     |   896,057 |     |   677,292 |
| Lease liabilities        |     |   528,585 |     |   518,091 |     |   391,603 |
|                          |     |