, • .j CA IND I A MAHESH INDANI & ASSOCIATES CHARTERED ACCOUNTANTS Ref: MIA/25-26/046 Date: 13/02/2026 UDIN: 26140911NUFIFG8343 INDEPENDENT PRACTITIONER'S CERTIFICATE INDEPENDENT PRACTITIONER'S CERTIFICATE IN FORM-5 AS PER REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 To Saffron Associates Address: Office No. 14/ 15 Lower Level, City Pride, Mondha Naka, Aurangabad PAN: ABXFS7091M Sub: Report on Statement of Accounts on project fund utilization and withdrawal (Form 5) by Saffron Landmark being developed by Saffron Associates for the period from 1/4/2023 to 31/03/2024 with respect to MahaRERA Regn. Number P51500048247. Dear Sir, 1. This Certificate is issued in accordance with the terms of our engagement letter dated 19/11/2024. Management's Responsibility: 2. Their responsibility includes maintenance of adequate accounting records and internal controls for preparing reliable financial information. Practitioner's Responsibility: 3. Pursuant to the requirements of the statutory 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, our responsibility....,·.___ ___, to provide reasonable assurance whether: • ~'lil·~·~ISi, Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. CA{ MAHESH INDANI & ASSOCIATES CHARTERED ACCOUNTANTS IND I A e 1gures as state ave een accurately extracted from the Unaudited financial statements for the year ended 31/03/2024 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 requirement s of the Real Estate (Regulation and Development) Act, 2016 read along with the Maharashtr a 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 Unaudited Financial Statements, prescribed registers, books and Form-3 as issued by a practicing Chartered Accountant for FY 2023-24. 5. We conducted our examination in accordanGe with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by the Institute of Chartered Accountant s of India (ICAI), and the relevant requirement s 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 CHARTERE D ACCO FRN NO: 132989 ~ H INDANI PROPRIETO R MEMBERSH IP NO: 140911 ce: Chhatrapat i Sambhajina gar (Aurangabad) 2026 Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, ~hhatrapati Sambhajinagar. CA: IND I A MAHESH INDANI & ASSOCIATES CHARTERE D ACCOUNTANTS FORM 5 [see Regulation 4] ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANT'S CERTIFICATE Date: 13/02/2026 UDIN:26140911 NUFIFG8343 To Saffron Associates Add: Office No. 14/ 15 Lower Level, City Pride, Mondha Naka, Aurangabad PAN: ABXFS7091M Sub: Report on Statement of Accounts on project fund utilization and withdrawal by Saffron Landmark being developed by Saffron Associates for the period from 1/4/2023 to 31/03/2024 with respect to MahaRERA Regn. Number PS 1500048247. 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. We have obtained all necessary information and explanation from the firm, 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 of Saffrron Landmark for the year ended FY 2023-24 and hereby certify that: Bh-l/Bl, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. CA IND I A MAHESH INDANI & ASSOCIATES CHARTERED ACCOUNTANTS A) Deposits: Sr. Particula rs For this Total for No. Fiscal Year this project till date 1 Total amount collected from allottees 1,04,23,0 00 1,63,38,0 00 2 % of amount to be deposited as per ·70% 70% Act 3 Amount to be deposited as per Act 72,96,100 1,14,36,6 00 (1 *2) 4 Total amount deposited 1n the 1,04,23,0 00 1,63,38,0 00 designate d Bank Account 5 % of Amount deposited in Designate d 100%> 100% Bank Account [(4)/(1)*1-00] 6 Shortfall/ (Excess) Deposit (3-4) 0 0 Has the required proportio n of money collected from allottees of the project unitf, as specified in the act, deposited in the Designate d RERA Bank Account? Ans: Yes B) Withdrawals: Sr. Particula rs For this Total for No. Fiscal Year this project till date 1 Opening Balance of Designate d Bank 15,41,221 0 Account 2 Total Deposits 1,06,23,0 00 1,63,38,0 00 3 Total amount withdraw n 1,21,15,9 44 1,63,38,0 00 Closing Balance 21,277 0 Bh-l/Sl, Ni, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. -- - --- - - - ---- CA MAHESH INDANI & ASSOCIATES IND I A CHARTERED ACCOUNTANTS As specifie d in the Act, All the amount s withdra wn during the year from RERA Bank Accoun t were within the withdra wal limit as certified under the relevan t Form 1, Form 2 and Form 3 issued during the reportin g period? Ans: Yes. C) Utilisat ion: ' We certify that, Saffron Associa tes has utilized the amount s withdra wn from designa ted bank account -toward s project cost of Saffron Landma rk only, as specifie d in the act. D) Any Qualific ation / Observ ation: • An amount of t2,70,00 0 paid as interest on an unsecur ed loan from Swati Hundiw ala and Yogita Deora has been shqwn as a booking advance in the Balance Sheet. • Amoun t of Rs 200,000 /- received as booking amount was reversed and cancelle d during the year. FO~ MAHES H INDANI AND ASSOC IATES CHART ERED ACCOUN1J' FRN NO: 132989 W ~ H INDANI PROPR IETOR MEMBE RSHIP NO: 14· Agreed and Accept ed by: ''• For Saffron Associa tes, \ \ n_\.,t~ Partne r/A~s ed Signato Name: Date: 13/02/2 026 Bh-1/81 , N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. --- ------