- \ 'i (A ( MAHCHAR IND I A ESH INDANI & ASSOCIATES TERED ACCOUNTANTS Ref: MIA/2 5-26/0 47 Date: 13/02 /2026 UDIN:2 614091 1BYDY SK941 4 INDEP ENDEN T PRACT ITIONE R'S CERTI FICAT E IN FORM- 5 AS PER REAL ESTAT E (REGU LATION AND DEVEL OPMEN T) ACT,2 016 To Saffron Associ ates Addres s: Office No. 14/ 15 Lower Level, City Pride, Mondh a Naka, Aurang abad PAN:ABXFS7091M Sub: Report on Statem ent of Accoun ts on project fund utilizat ion and withdra wal (Form 5) by Saffron Landm ark being develop ed by Saffron Associ ates for the period from 1/4/20 24 to 31/03/ 2025 with respect to MahaRERA Regn. Numbe r P51500 048247 . Dear Sir, 1. This Certific ate is issued in accorda nce with the terms of our engage ment letter dated 19/11/ 2024. Manag ement' s Respon sibility : 2. Their respons ibility include s mainte nance of adequa te accoun ting records and interna l control s for prepari ng reliable financi al inform ation. Practit ioner's Respo nsibilit y: 3. Pursua nt to the require ments of the statuto ry provisi ons of the Real Estate (Regula tion and Development) Act, 2016 read along with the Mahar ashtra Real Estate (Regula tion and J?evelopment) (Regist ration of Real Estate Project s, Registr ation of Real Estate Agents , Rates of Interes t and Disclos ures on Website) Rules, 2017 , our respons ibility is to provide reason able assura nce whethe r: Bh-1/81 , N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambha jinagar. CA IND I A MAHESH INDANI & ASSOCIATES CHARTERED ACCOUN.TANTS (i) The figures as stated, have been accurat ely extract ed from the Unaud ited financi al statem ents for the year ended 31/03/ 2025 and the bookin g amoun t deposit ed in the designa ted bank accoun ts and utilized from the same for the said project . Docum ents verifie d before issuance: 4. Pursua nt to the require ments of the Real Estate (Regula tion and Development) Act, 2016 read along with the Mahar ashtra Real Estate (Regulation and Development) (Registration of Real Estate Project s, Registr ation of Real Estate Agents, Rates of Interes t and Disclos ures on Website) Rules, 2017, we have verified. the Unaud ited Financ ial Statem ents, prescri bed register s, books and Form-3 as issued by a practic ing Charte red Accoun tant for FY 2024-2 5. 5. We conduc ted our examin ation in accorda nce with the Guidan ce Note on Report s or Certific ates for Specia l Purposes (Revise d 2016) issued by the Institu te of Charte red Accou ntants of India (ICAI), and the relevan t require ments of SQC 1 on Quality Control . Restric tion on Use: 6. This certific ate has been issued as per the statuto ry provisi ons of Real Estate (Regulation and Development) Act, 2016 read along with the Mahar ashtra Real Estate (Regulation and Development) (Regist ration of Real Estate Project s, Registr ation of Real Estate Agents , Rates of Interes t and Disclos ures on Website) Rules~ 2017 govern ing the said project for the specific purpos e mentio ned above, and should not be used for any other purpose or any other party withou t our prior written consen t. FOR MAHES H INDAN I AND ASSOCIATES CHART ERED ACCOU NT FRN NO: 13298 9 PROPR IETOR MEMB ERSHI P NO: 140911 ce: Chhatr apati Sambh ajinaga r (Aurangabadt 2026 Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatra pati Sambha jinagar. CA IND I A MAHESH INDANI & ASSOCIATES CHARTERED ACCOUNTANTS FORM 5 [see Regul ation 4] ANNU AL REPO RT ON STATE MENT OF ACCO UNTS CHAR TERE D ACCOUNTANT'S CERT IFICA TE Date: 13/02 /2026 UDIN: 26140 911BY DYSK 9414 To Saffro n Assoc iates Addre ss: Office No. 14 / 15 Lower Level, City Pride, Mond ha Naka, Auran gabad PAN: ABXFS7091M Sub: Repor t on Statem ent of Accou nts on projec t fund utiliza tion and withdr awal by Saffro n Landm ark being developed by Saffro n Assoc iates for the period from 1/4/20 24 to 31/03 /2025 with respec t to MahaRERA Regn. Numb er P5150 00482 47. 1. This certifi cate is issued in accord ance with the provis ions of the Real Estate (Regul ation and Development) Act, 2016 read along with the Mahar ashtra Real Estate (Regulation and Development) (Regis tration of Real Estate Projec ts, Regist ration of Real Estate Agent s, Rates of Intere st and Disclo sures on Website) Rules, 2017. 2. We have obtain ed all necess ary inform ation and explan ation from the firm, during the course of our audit, which in our opinio n are necess ary for the purpo se of this certificate. 3. We hereby confir m that we have exami ned the prescr ibed registe rs, books and docum ents, and the releva nt record s of Saffro n Landm ark for the year ended 31/03 /2025 and hereby certify that: Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. CA IND·IA MAHESH INDANI & AssocIATES CHARTERED ACCOUNTANTS A) Deposits: For this Total for Sr. Particulars No. Fiscal Year this project till date 1 Total amount collected from allottees 91,84,840 2,55,22,840 2 % of amount to be deposited as per 70% 70% ' Act 3 Amount to be deposited as per Act 64,29,388 1,78,65,988 (1 *2) 4 Total amount deposited 1n the 91,84,840 2,55,22,840 designated Bank Account 5 % of Amount deposited in Designated 100% 100% Bank Account [(4)/(l)*l0Q] 6 Shortfall/ (Excess) Deposit (3-4) 0 0 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? Ans: Yes B) Withdrawals: Sr. Particulars For this Total for No. Fiscal Year this project till date 1 Opening Balance of Designated Bank 21,277 0 Account 2 Total Deposits 1,23,35,840 2,55,22,840 3 Total amount withdrawn 1, 18,01 ,944 2,55,22,840 Closing Balance 5,55,173 0 Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. CA: IND I A MAHESH INDANI & ASSOCIATES CHARTERED ACCOUN.TANTS 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 apd Form 3 issued during the reporting period? Ans: Yes. C) Utilisation: \ We certify that, Saffron Associates has utilized the amounts withdrawn from designated bank account towards project cost of Saffron Landmark only, as specified in the act. D) Any Qualification / Observation: • Amount of Rs. 31,51,000 /- received in the escrow account as booking advances has been cancelled and reversed. FOR MARESH INDANI AND ASSOCIATES CHARTERED ACCOUNTA.N~TS. I .,__........._ FRN NO: 132989\f I· PROPRIETOR .- MEMBERSHIP NO: ,1 . ~....--__ _ Agreed and Accepted by: For Saffron Associates, µ~ * Partner/ Authorised Signatory Name: Date: 13/02/2026 Bh-1/81, N2, Cidco, Thakre Nagar, Near Bhavani Petrol Pump, Chhatrapati Sambhajinagar. !. C '•