Sagar S Rathi & Associates                        Near Maheshwari Bhavan,
Chartered Accountanb                              New Radhakishan Plot,
FRNNo.l42386w                                     Akola-444001 (M.S.)
                                                  Mob : 99234 5225 7 l'l 27 621 66 52
CA Sagar S Rathi                                  E-mail: sagar.suresh.rathi@gmail.com
B.Com""ACA




                                   FORM 5 (see Regulation 4)
                       ANNUAL REPORT ON STATEMENT OF ACCOUNTS
                              CHARTERED ACCOUNTANT CERTIFICATE
                                                                           Datei2SlO9/2023
To
Aarc Constructions,
Mhada Colony,
Ram Nagal
Akola zl44o01

SUBJECT: Report on Statement of Accounts on project fund deposi! utilization and
withdrawal by Aarc constructions for the period from ollo4lzo2z to 3!03/2023 with
respect to project'Shree Heights"- Maharera Regn. Number - p50lq)032701,


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 lnterest and Disclosures on Website) Rules, 2017.


2.      I have obtained all the necessary information and explanation from the Company,
during the course of our audit, which in my opinion are necessary for the purpose of this
certificate.

3. I hereby confirm that t have examined the prescribed registers, books and
documents, and the relevant records of Aarc Constructions for the period ended
3r/03/2023 and hereby state that:
     A. Deposits:

        5r. No.   Pa rticu la rs                   For the Fiscal Year   Total for           the
                                                                         project till date
           1.     Total Amount collected from 3718sOO0.00                40425000.00
                  allottees
           2.     % of amount to be deposited      t00%                  L00%
                  as per Act




                                                                                                    I
                                                                                               jrjo
                                                                                   *l   I
                                                                                   9\
                                                                                             Acco
              3.        Amount to be deposited as 371.85000.00                   40425000.00
                        per Act (1*2)
              4.        Total amount deposited in the      37185000.00           40425000.00
                        designated bank account
              5.        % of amount deposited in           r.00                  100
                        designated bank account
                        [(4)/(1)*100]
              6.        Shortfa lllExcess deposit (3-4)    oo.oo                 oo.oo

 Has the required portion of money collected from allottees of the project units, as
 specified in the act, deposited in the designated RERA bank account? yes

 lf No, Please mention the amount not deposited.

    B. Withdrawals
          Sr. No.       Particulars                        For the Fiscal Year   Total for           the
                                                                                 project till date
              1.        Opening Balance of 5000.00                               s000.00
                        designated bank account
             2.         Total Deposits                     37185000.00           40425000.00
             3.         Total amount withdrawn             34058186.00           37298186.00
             4.         Closing Balance                    3131814.00            3131814.00

As specified in the Act, all the amount withdrawn during the year from RERA Bank
account were within the withdrawal limit as certified under relevant Form 1, Form 2 and
Form 3 issued during the reporting period? we cannot comment on the said ctause as
the promoter has not taken any certificate (Form 1, Form 2 and Form 3) from the
respective professional during the reporting period.


lf No, Please provide the below details :-

Sr. No.            Date of Withdrawal                 Amount of Excess Withdrawal
   1.              NA                                 NA


   C. Utilization
      I certify that, the Aarc Constructions has utilized the amount withdrawn from
          designated bank account towards project cost only as specified in the act.

        lf No, Please provide the below details:
Sr. No.        Date                            Amount not utilized for the
   1.              NA                                 NA                           7jfr-E<b
                                                                                                UM
   D. Any Qualification / Observation of CA
   1. lThis Certificate has been issued on the basis of limited review of books of
             accou nts.




                                                  SAGAR S. RATHI &


                                                                        ..o. n     \'*
                                                                              ".
                                                                       r,rz:srw    lI
Signature of Promoter
Name : Anurag S Agrawal (Partner)
                                                                       >n/9
Date   : 26/0912023                               PROPRITOR
                                                  MEM. NO. 171165
                                                  UDIN: 23 171 I65BGYFYVI823