Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 52

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 52
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, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the Board may deem relevant. In addition, we are a holding company and depend on the receipt of dividends and other distributions from our subsidiaries to pay dividends on our Ordinary Shares.

There are no foreign exchange controls or foreign exchange regulations under current applicable laws of the various places of incorporation of our significant subsidiaries that would affect the payment or remittance of dividends.

For the financial year ended April 30,
2025, Herlin declared aggregate interim exempt (one-tier) dividends of S$1,600,000 to Mr. Lim of which S$750,000 has been paid
and S$850,000 is still outstanding. The outstanding dividend payable is unsecured, interest-free and repayable on demand. The
outstanding dividend payable is considered a short term liability, though the Company does not expect to repay it in the next 12 months.
Mr. Lim is our Chief Executive Director, and the controlling shareholder of our Company. See “Related Party Transactions.”

| 37 |

<div align='center'>CAPITALIZATION</div>

The following table sets forth our capitalization as of October 31, 2024 presented on:

| ● | an                
 actual basis; and |

| ● | on                                                                                         
 an as adjusted basis to reflect the issuance and sale of the Ordinary Shares by us in this 
 offering at an assumed initial public offering price of US$4.00 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 underwriting     
 discounts, non-accountable expense allowance and the estimated offering expenses payable   
 by us.                                                                                     |

The as adjusted information below is illustrative only, and our capitalization following the completion of this offering is subject to adjustment based on the actual net proceeds to us from the offering. You should read this table in conjunction with “Use of Proceeds,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes included elsewhere in this prospectus.

|                                                                                                                        |     | As of October 31, 2024 |            |   |     |     |            |   |     |             |            |   |     |     |            |   |
|:-----------------------------------------------------------------------------------------------------------------------|:----|:-----------------------|-----------:|:--|:----|:----|-----------