R S P H & Associates Chartered Accountants Office No.48, 5th Floor JITO Business Bay, Near Kotak Mahindra Bank, Opp. Hotel Sandip Mahamarg, Mumbai Naka, Nashik 422002 -------------------------------------------------------------------------------------------------------- FORM 5 [See Regulation 4] Annual Report on Statement of Accounts CHARTERED ACCOUNTANT’S CERTIFICATE Date: 27.04.2022 To, The VedantBuildcon, Shri Krishna Marbal Compound Parola Road, Opp. Cotton Market, Dhule - 424004 Subject: Report on Statement of Accounts on Project fund deposit, utilization and withdrawal byVedantBuildconfor the project Vedant Residencyfor the period from 01.04.2020 to 31.03.2021with respect to MahaRERARegnNumberP49800012302. 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016 read along with the Maharashtra Real Estate (Regulation andDevelopment) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017. 2. We have obtained all necessary information and explanation from the Promoter, during the course of our audit, which in our opinion are necessary for the purpose of this certificate. 3. We hereby confirm that, we have examined the prescribed registers, books and documents, and the relevant records ofVedantBuildconfor the period ended31st March 2021and hereby certify that: A.Deposits: Sr.No. Particulars For this Fiscal Total for this Year project till date i.e. F Y 2020-21 31.03.2021 1 Total amount collected from allottees Nil 15,604,000.00 2 %of amount to be deposited as per act 70% 70% 3 Amount to be deposited as per act(1*2) N.A. 10922800 4 Total amount deposited in the Designated Nil 13,604,000.00 Bank Account 5 %of Amount deposited in Designated Bank Nil 87% Account [(4)/(1)*100] 6 Shortfall / Excess deposit (3-4) Nil -2,681,200.00 Amount collected/ deposited at Sr.No 1 & 2, shall not include pass through charges and indirect taxes. Has the required proportion of money collected from allottees of the project units, as specified in the act, deposited in the Designated RERA Bank Account? : Not Applicable as there are no any collections during the year If No, please mention the amount not deposited. B.Withdrawals: Sr. Particulars For this Fiscal year Total for this project till No. IDBI date i.e. (From 01.09.17 0483102000012528 to 31.03.2021)up to F Y 2020-21 31.03.21 IDBI 048310200001252 1 Opening Balance of Designated Bank 11,000.00 11,000.00 Account 2 Total Deposits 100,000.00 100,000.00 3 Total amount withdrawn 123.90 123.90 4 Closing Balance 110,876.10 110,876.10 Note: Amount Deposited in Designated Bank account is self fund deposits & not related to collection from customer As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certified under the relevant Form 1, Form 2 and Form 3 issued during the reporting period? :Yes as per CA certificate produced before us. If No, Please provide the below details: - Sr.No. Date of withdrawal Amount of Excess Withdrawals 1. Not Applicable Not Applicable C.Utilization: We certify that, the VedantBuildconhas utilized the amounts withdrawn from designated bank account towards project cost only, as specified in the act. If No, Please provide the below details: - Sr.No. Date Amount not utilized for project cost 1. Not Applicable Not Applicable D.Any Qualification / Observations of CA 1. We have conducted our engagement and examination in accordance with standards on Auditing, Guidance Note on Reports and Certificates for special purposes and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. We confirm our compliance to all such applicable pronouncements and with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. 2. It is the primary responsibility of the management of VedantBuildconto prepare, produce and maintain all accounting and other relevant supporting records and documents required for the purpose of this certificate. This responsibility includes the design, implementation and maintenance of necessary and appropriate internal control commensurate with the nature and size of entity. 3. As per self-certification obtained from the management, the amounts withdrawn from the designated bank account are utilized towards project cost only. However, it is not possible for us to verify the end use of funds withdrawn from designated bank account on one-to-one basis since the requisite record for such verification is not available with us. But while certifying on utilization, we have relied on the expenditure as per books of accounts produced before us which shows that the expenditures incurred on the project are more than total amount collected from customers till the end of financial year on cumulative basis. 4. It is observed that promoter has used the designated Bank Account for other transactions also. The amounts received from other than allottees were also deposited in the designated Bank account. Promoters were advised to use the RERA bank account only for the collections from allottees. 5. We have relied on CA certificate dated 25.07.2017 produced before us for verification. Yours faithfully, For R S P H & Associates Chartered Accountants CA Paresh P. Sabadra Partner Membership No.: 119544 UDIN: 22119544AHXJWE4423 Date:27.04.2022 Agreed and accepted by: Signature of Promoter Name: Mr. Danesh P. Patel Designation: Partner Date: 27.04.2022