Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 158

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 158
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 2025, 33,350,000

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

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 500,000 500,000 500,000 500,000 1

On December 12, 2024, director’s loan amounted to SGD200,000is capitalized
by the allotment and issuance of200,000ordinary shares in the share capital of a subsidiary BNL to the director. The issued share capital
SGD200,000is capitalized as merger reserve under common control basis of consolidation.

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.

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

12. Borrowings

Schedule
of borrowings

                                April 30, 2024                     April 30, 2025                     April 30, 2025                 
                                SGD                                SGD                                USD                            
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Borrowings:                                                                                                                        
  Bank borrowings, secured                          1,119,444                          1,827,409                          1,399,885  
  Lease liabilities                                   528,585                            509,455                            390,267  
  Borrowings                                        1,648,029                          2,336,864                          1,790,152  
  Current                                             442,582                            500,982                            383,777  
  Non-current                                       1,205,447                          1,835,882                          1,406,375  
  Borrowings                                        1,648,029                          2,336,864                          1,790,152