Company: MAGH
Filing Date: 2025-02-24
Form Type: DRS/A
Source: 0001493152-25-008050
Chunk: 214

Company: Magnitude International Ltd
Filing Date: 2025-02-24
Form: DRS/A
Chunk 214
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 reports about components of the Group that are regularly reviewed by the CEO (“Chief Executive Officer”) for the purpose of resource allocation and performance assessment. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.

The Group operates in a single business segment which is the provision of electrical installation and licensing services for greenfield, brownfield and ad hoc electrical installation projects. No operating segments have been aggregated to form the following reportable operating segment.

The Group’s non-current assets are based in Singapore.

The Group’s revenue is derived from Singapore.

Information about major customers

The following table sets forth a summary of single customers who represent 10% or more of the Group’s revenue:

|            |     |      April 
   30, 2023 |     |      April 
   30, 2024 |     |      April 
   30, 2024 |
|:-----------|:----|-----------:|:----|-----------:|:----|-----------:|
|            |     |        SGD |     |        SGD |     |        USD |
| Customer A |     | 15,381,429 |     | 12,637,595 |     |  9,267,817 |
| Customer B |     |  1,125,466 |     |  4,759,149 |     |  3,490,136 |
|            |     | 16,506,895 |     | 17,396,744 |     | 12,757,953 |

| 23. | Financial       
 risk management |

The Group’s activities expose it to a variety of financial risks from its operation. The key financial risks include credit risk, liquidity risk and market risk (including foreign currency risk and interest rate risk).

The director reviews and agrees policies and procedures for the management of these risks, which are executed by the management team. It is, and has been throughout the current and previous financial years, the Group’s policy that no trading in derivatives for speculative purposes shall be undertaken.

The following sections provide details regarding the Group’s exposure to the abovementioned financial risks and the objectives, policies and processes for the management of these risks.

There has been no change to the Group’s exposure to these financial risks or the manner in which it manages and measures the risks.

| F-36 |

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

NOTES TO