CAIN DIA MAHESH INDANI & ASSOCIATES CHARTERED ACCOUNTANTS Ref: MIA/25 -26/045 Date: 13/02/2 026 UDIN:2 614091 1EYYRU U9972 INDEPE NDENT PRACTI TIONER 'S CERTIF ICATE INDEPE NDENT PRACTI TIONER 'S CERTIF ICATE IN FORM-5 AS PER REAL ESTATE (REGUL ATION AND DEVELO PMENT) ACT, 2016 To Saffron Associat es Address : Office No. 14/ 15 Lower Level, City Pride, Mondha Naka, Auranga bad PAN:ABXFS7091M Sub: Report on Stateme nt of Account s on project fund utilizatio n and withdraw al (Form 5) by Saffron Landma rk being develope d by Saffron Associat es for the period from 1/4/202 2 to 31/03/2 023 with respect to MahaRERA Regn. Number P515000 48247. Dear Sir, 1. This Certifica te is issued in accordan ce with the terms of our engagem ent letter dated 19/11/2 024. Manage ment's Respon sibility: 2. Their responsi bility includes mainten ance of adequat e account ing records and internal controls for preparin g reliable financia l informat ion. Practitio ner's Respon sibility: 3. Pursuan t to the requirem ents of the statutor y provisio ns of the Real Estate (Regulat ion and Development) Act, 2016 read along with the Mahara shtra Real Estate (Regulation and Development) (Registra tion of Real Estate Projects , Registra tion of Real Estate Agents, Rates of Interest and Disclosu res on Website) Rules, 2017 , our responsi bility is to provide reasonable assurance whether : (i) The figures as stated, have been accurate ly extracte d from the Audited financia l stateme nts for the year ended 31/03/2 023 Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, C:hhatrapati Sambhajinagar. 0\ IND IA MAHESH INDANI & ASSOCIATES CHARTERED ACCOUNTANTS (ii) and the booking amount deposited in the designated bank accounts and utilized from the same for the said project. Documents verified before issuance: 4. Pursuant to the requirements 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, we have verified the Audited Financial Statements, prescribed registers, books and Form-3 as issued by a practicing Chartered Accountant for FY 2022-23. 5. We conducted our examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by the Institute of Chartered Accountants of India (ICAI), and the relevant requirements of SQC 1 on Quality Control. Restriction on Use: 6. This certificate has been issued as per the statutory provisions of 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 governing the said project for the specific purpose mentioned above, and should not be used for any other purpose or any other party without our prior written consent. FOR MAHESH INDANI AND ASSOCIATES CHARTERED ACCOUNTANTS. 1 FRN NO: 132989W• H INDANI ~ I PROPRIETOR I MEMBERSHIP NO: 1409tt-- - -....... Place: Chhatrapati Sambhajinagar (Aurangabad) Date: 13th February, 2026 Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. CA IN D I A M AH ES H IN DA NI & ASSOCIAT CH AR TE RE D ACCOUNTANT S ES FO RM 5 [see Re gu lat ion 4] AN NU AL RE PO RT ON ST AT EM EN T QF AC CO UN TS CH AR TE RE D AC CO UN TA NT 'S CE RT IFI CA TE Da te: 13 /02 /20 26 UD IN: 26 14 09 11 EY YR UU 99 72 To Saf fro n As soc iate s Add: Office No. 14 / 15 Lower Lev el, Cit y Pri de, Mo ndh a Na ka, Au ran gab ad PA N:A BX FS7 091 M Sub : Re por t on Sta tem ent of Ac cou nts on pro jec t fun d uti wit hdr aw al by Saf fro n La ndm ark liza tio n and bei ng dev elo ped by Saf fro n As soc the per iod fro m 1/4 /20 22 to 31 iate s for /03 /20 23 wit h res pec t to Ma haR Nu mb er P5 150 004 824 7. ER A Reg n. 1. Th is cer tifi cat e is iss ued in acc ord anc e wit h the pro vis ion s of the Re al Est ate (Re gul atio n and Developm ent) Act, 20 16 rea d alo ng wit h the Ma har ash tra Re al Est ate (Re gul atio n and De vel opm ent ) (Re gis tra tio n of Re al Est ate Pro jec ts, Re gis tra tio n of Rea l Es tat e Ag ent s, Ra tes of Int ere st and Dis clo sur es on We bsite) Ru les , 201 7. 2. We hav e obt ain ed all nec ess ary inf orm atio n and exp lan ati on fro m the firm, dur ing the cou rse of ou r aud it, wh ich in ou r opi nio n are nec ess ary for the pur pos e of thi s cer tifi cat e. 3. We her eby con firm tha t we hav e exa mi ned the pre scr ibe d reg iste rs, boo ks and doc um ent s, and the rel eva nt rec ord s of Saf fro n As soc iate s for the yea r end ed FY 202 2-2 3 and her eby cer tify tha t: Bh -l/B l, Ni, Cidco, Thakre Nag ar, Near Bhavani Petrol Pump, Chh atra pat i Sambhajinagar. L CA IND I A MAH ESH INDANI & ASSOCIATES CHA RTER ED ACCOUNTANTS A) Depos its: Sr. Partic ulars For this Total for No. Fiscal Year this projec t till date 1 Total amoun t collect ed from allotte es 0 59,15, 000 2 % of amoun t to be deposi ted as per 70% 70% Act 3 Amou nt to be deposi ted as per Act NOTE NOTE (1 *2) 4 Total amoun t deposi ted ln the 0 59,15, 000 design ated Bank Accou nt 5 % of Amou nt deposi ted' in Design ated 0% 100% Bank Accou nt [(4)/(1) *100] 6 Shortf all/ (Exces s) Depos it (3-4) 0 0 NOTE: The projec t "Saffro n Landm ark" was grante d registr ation under the Real Estate (Regul ation and Develo pment) Act, 2016 on 22 Decem ber 2022. Accord ingly, the provis ions of the Act and the Rules thereu nder relatin g to the deposi t of amoun ts in the design ated separa te accoun t becam e applic able with effect from the said date. No amoun ts were receive d or deposi ted in the design ated separa te accoun t during the releva nt financ ial year. Has the require d propor tion of money collect ed from allotte es of the projec t units, as specifi ed in the act, deposi ted in the Design ated RERA Bank Accou nt? Ans: Yes Bh-1/8 1 N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatra pati Sambha 1 jinagar. -- - CA IND f A MA HE SH IND ANI & ASSOCIATES CHA RTE RED ACCOUN.TANTS B) With draw als: Sr. Parti cular s For this Tota l for No. Fisca l Year this proje ct till date 1 Open ing Balan ce of Desig nated Bank 15,14 ,870 0 Acco unt 2 Total Depo sits 0 59,15 ,000 3 Total amou nt withd rawn . 649 59,15 ,000 4 Closi ng Balan ce 15, 14,22 1 0 As speci fied in the Act, All the amou nts withd rawn durin g the year from RERA Bank Acco unt were withi n the withd rawal limit as certif ied unde r the relev ant Form 1, Form 2 ru:id F;rm 3 issue d durin g the repor ting perio d? Ans: Yes C) Utilis ation : We certif y that, Saffr on Assoc iates has utiliz ed the amou nts withd rawn from desig nated bank accou nt towar ds proje ct cost of Saffr on Land mark only, as speci fied in the act. D) Any Qual ificat ion / Obse rvati on: No quali ficati ons FOR MAR ESH INDANI AND ASSOCIATES Agre ed and Acce pted I ..._ ~--'-1:a: -,/'.,. CHA RTER ED ACCOUNTANTS. For Saffr on Asso ciate ~\ FRN NO: 1329 89W 7 »~~ ... ESH INDANI k~ Partn er/ Autb ~sed Signa to PROP RIET OR Name : MEM BERS HIP NO: Date: 13/0 2/20 26 .__, Bh-1/ 81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump , Chhatrapati Sambhajinagar.