ALKESH RAWKA AND ASSOCIATES Chartered Accountants 402, A Wing, ‘Space Olympia’, Sutgirni Chowk, Garkheda, Aurangabad-431009. Email Id: sonamtolwala@gmail.com Contact details: 9533440810 FORM 5 [see Regulation 4] ANNUAL REPORT ON STATEMENT OF ACCOUNTS To, Jay Narayan Developers, Kanwar Krushi Kendra, Opp. S.T. Stand, Bhadgaon Road Chalisgaon - 424101. SUBJECT: Report on Statement of Accounts on project fund utilization and withdrawal by Jay Narayan Developers for the period from 01/04/2023 to 31/03/2024 with respect to MahaRERA Regn. Number P49900050851. 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 and Development) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017. 2. I/We have obtained all necessary information and explanation from the Company, during the course of our audit, which in my/our opinion are necessary for the purpose of this certificate. 3. I/We hereby confirm that I/We have examined the prescribed registers, books and documents, and the relevant records of Jay Narayan Developers for the project of SSD Complex the period ended 31/03/2024 and hereby certify that: (A) Deposits: Sr.No. Particular For this Fiscal Total for this year project till date 1. Total amount collected From allottees 57,51,000 57,51,000 2. % of amount to be deposited as per 70% 70% act 3. Amount to be deposited as Per Act 40,25,700 40,25,700 (1 *2) 4. Total amount deposited in the 16,15,700 16,15,700 Designated Bank Account 5. % of Amount deposited in 28.09 28.09 Designated Bank Account ((4/1)*100) 6. Shortfall / Excess deposit (3-4) 24,10,000.00 24,10,000.00 ALKESH RAWKA AND ASSOCIATES Chartered Accountants 402, A Wing, ‘Space Olympia’, Sutgirni Chowk, Garkheda, Aurangabad-431009. Email Id: sonamtolwala@gmail.com Contact details: 9533440810 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'? (Yes / No) If No. Please mention the amount not deposited NA. (B) Withdrawals Sr.No. Particular For this Fiscal Total for this year project till date 1. Opening Balance of Designated 00 00 Bank Account 2. Total Deposits 16,15,700 16,15,700 3. Total amount withdrawn 13,75,000 13,75,000 4. Closing Balance 2,40,700 2,40,700 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 / No) All Withdrawal made from Designated Bank Account as per limit specified in Form 3 CA Certificate. If No, Please provide the below details:- Sr.No. Date of withdrawal Amount of Excess Withdrawals 1 2 (C) Utilization I/We certify that, the Jay Narayan Developers for the project of SSD Complex , has utilized the amounts withdrawn from designated bank account towards project cost only. As specified in the act. ALKESH RAWKA AND ASSOCIATES A Chartered Accountants 402, AWing, Space Olympia', Sutgirni Chowk, Garkheda, Aurangabad-431009. Email Id: sonamtolwala@gmail.com Contact details: 9533440810 If No, please provide the below details: S.No. Date Amount not utilised for Project Cost 1 N.A Nil 2 N.A Nil (D) Any Qualifications / Observations of CA Sr.No. Particulars 1. The amount of Rs. 37,50,000 is received in account other than designated account of the promoter. The same is reflected in Table A and is included in Form 5. 2. N.A Yours Faithfully, For Jay Narayan Developers For Alkesh Rawka And Associates Chartered Accountants Jay Narayan D FRN.140894W d PARTNER Prashant Vasudeo Jiyani CA Sonam Nagar (Promoter) (Partner) Mem.No.:229308 Date: 23/10/2024 Place: Aurangabad UDIN: 24229308BKAVLB8264