RSPH&Associates ' Chartered Accountants Office No 48, 5th Floor, Business Bay, Next to Kotak Bank, Shri Hari Narayan Kute Marg, Mumbai Naka, Matoshree Nagar, : NDI A Nash ik, Ma ha rashtra 422002. FORM 5 [See Regulation 4] Annual Report on Statement of Accounts CHARⅡ RED ACCOUNTANT′ S CERTI FI CATE Dat e: 21. 11. 2024 To, Mr. Indrajeet Nanasaheb Chavan, (Partner), Shree Balaji Developers, Plot No. 3 &.4, Survey No.721, Pnt Square, Trimbak Road, P&TColony,Nashik, Maharashtra422005. Subiech Report on Statement of Accounts on Project fund deposit, utilization and withdrawal by "Shree Balaii Developers" for the project "The Hub B Wing" for the period from 01.04.2023to 13.05.2023 (Up to Occupancy Certificate) with respect to MahaRERA Regn Number :P5160fi)18129. 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act,201.6 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 Promoter, during the course of our audit, which in our opinion are necessary for the purpose of this cerfficate. 3. We hereby confirm that, we have examined the prescribed registers, books and documents, and the relevant records of Shree Balaii Developers for the period ended 13.M.2023 (Up to Occupancy Certificate) and hereby certify that: A. Deposits: ︒︒ ｒ Particulars For the period Total for this proiect till date Ｓ Ｎ from 01.M.?JJ.23to i.e.1.3.M.?fr23 13.06.2023 (Up to Occupancy Certificate) Amount Collected before RERA Registration 1 Total amount collected from Nil Rs.4,46,428.58 + Amount allottees Collected after RERA Registration is Rs.6,68,84,858.26/ - Total Rs.6,73,31,?ffi .U / - 2 % of amount to be deposited as N.A. 70% per act 3 Amount to be deposited as per N.A. 4,68,19,4J/0.78 act (1"2) 4 Total amount deposited in the NiI 3,65,47,57L.48 Designated Bank Account 5 7o of Amount deposited in N.A. 54.il% Designated Bank Account t(4)/(1)"1001 6 Shorffall / Excess deposit (34) N.A. "1.,v2,77,8D.30 Notes: The promoters have received advance from customers iunounting to Rs.4,#,428.58 before RERA Registration i.e. 10.10.2018 Amount collected/ deposited at Sr. No. L &.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? : No If No, please mention the amount not deposited. - Rs|1,02,7-1.,829.30/ - was deposited in other than Designated Bank A/c till 13.06.2U3. Page 2 of4 Bo Wi t hdr awal s: ︒︒ ｒ Particulars For the period from Total for this proiect till Ｓ Ｎ OL.M.2O23 to 13.M.?fr23 date i.e. up to L3.M.2023 Dena Bank A/c Dena Bank A/c No.:11590 No.:L1590 1 Opening Balance of Designated 578. 75 0.00 Bank Account 2 Total Deposits 0.00 3,72,1,4,W0.00 3 Total amount withdrawn 0.00 3,72,1342'1,.?5 4 Closing Balance 578.75 578.75 Note: 1. As per books of accounts produced before us there are no any transactions in RERA designated bank account during the period from 01.04.2A?i t.o13-06.2V23. 2. Funds not related to collection from customers are also deposited in RERA designated bank account up to73.M.2023. 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? (Y"t / No) :No lf No, please provide the below details: - -Prcmoter hns colbctcd amount from customers in otlrcr thnn designatedbank account in which other funds arc als ibposited, therefore it is not possible to us to report date zoi* excess toithdrawals, howaner as ?er CA certificnte uploailed on RERA web portal dated 30.01,.2024 cost incurred on project are more tlnn amount collected front anstomers till 13.06.202j. Sr o No. Date of withdrawal Amount of Excess Withdrawals C. Utilization: We certify that, the Shree Balaii Developers has utilized the amounts withdrawn from designated bank account towards project cost only, as specified in the act. (As per self-certifcation obtaircd from the management, the amounts withdrawn from the ilesignated bank account are utilized towards project cost only. While certifying on utilization, ute haoe relied on the erpenditure as Wr books of accounts produced before us which shm,as that the errytditures incaned on the project are more tlun totnl amount collectcd from custonurs till the datc of occupaflcy certificate on cumulatioe basis.) Page 3 of 4 If No, Please provide the below details: - Sr . No. Date Amount not utilized for proiect cost 1. Not Applicable Not Appl i cabl e D. Any Qualification/Observations of CA 1. We have conducted our engagement and examination in accordance with standards on Auditing, Guidance Note on Reports and Certificates for special purposes and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. We confirm our compliance to all such applicable pronouncements and with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. 2. lt is the primary responsibility of the management of Shree Balaji Developers to prepare, produce and maintain all accounting and other relevant supporting records and documents required for the purpose of this certificate. This responsibility includes the design, implementation and maintenance of necessary and appropriate intemal control corunensurate with the nature and size of entity. 3. The promoter has obtained occupancy certificate dated 13.ffi.20?i, copy of the same is attached herewith Your s f ai J t t ul l y′ For RSPH and Associ at es Char t er ed Account ant s FRN: 003013N Paresh Digitally by Paresh signed Prakash Prakash Sabadra Date: 2024.11.21 Sabadra 14:54:06 +05'30' CA Par esh PoSabadr a Par t ner M. No。 119544 UDI N: 2Ч l l q5彎 131ZXLヽ タ ラ Dat e: 21. 11. 2024 ̀ ι Pl ace: Nashi k Agr eed and accept ed by: SHREE BALAJ I DEVELOPERS Si gnat ur e 岬 NaFne: Ⅳl r . I ndr al eet Chavhan Desi gnat i on: Par i mに r Dat e: 21. 11. 2024 Page 4 of 4