CA Soumitra G. Mukherjee B.Com, FCA KBPS& CO CHARTERED ACCOUNTANTS Regd. Off: t61121, Om Co-Op. Hsg. Society, Anand Nagar, Nr. Vakola Police Station, Santacruz (East), Mumbai- 400055 Add.: 406, Samruddhi Residency, Opp. Hotel City Pride, Tilakwadi, Sharanpur Road, Nashik- 422002, Maharashtra. Branches: Mumbai, Aurangabad, Ghoti, Pune, 0L676 kbps.com@gmail.com [See Regulation 4] Annual Report on Statement of Accounts To, l![/s Shyam Construction 03, Vaishnavi Row House, Lane No -04, Kala Nagar, Opp. Reliance Petrol pump, Near Data Mandir, Dindori Road, Panchvati, Nashik - 422 003 Subject : Report on Statement of Accounts on project fund utilization and iithdrawal by Shyam, Construction ("the Promoter") for the period from 01104/2019 to 3110312020 with respect to Maharashtra Real Estate Regulatory Authority ("MahaRERA,,) registration number p51600023205. I This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016. 2 We have obtained all the necessary information and explanation from the promoter, during the course of our audit, which in our opinion is necessary foi ttre purpose of this certificate. J We hereby confirm that we have examined the prescribed registers, books and documents, and the relevant records of the Promoter with respict to the Project Shyam Vrindavan period ended 3l March 2020 and hereby certifu that: - for the i. IWs Shyam Construction has completed (Refer Note t) o/o of the project titled ,.Shyam Vrindavan" MahaRERA Regn. No. P5l6ooo23205 is located at S.iilo.7ll1, Samarth Nagar, Behind sharad pawar Marketyard, Nashik Shiwar - 422 oo4. ii. Amount collected for this project during the year is Nil and the amounts collecred till date is Nil. iii. Amount withdrawn during the year for this project is Nil and the amount withdrawn till date is Nil. 4. We certifl that IWs Shyam Construction has utilized the amounts collected for .,Shyam Vrindavan" only for that project and withdrawn from the designated bank account(s) of the said project has been in accordance with the proportion to the percentage of completion of the project. 5. This certificate must be read along with the accompanying notes. For K S&CO Accountant FRN:12 * '' \'- CA ee Partner Membership No: 055585 Place: Nashik Date:09th September,2023 UDIN No. 23055585BGWIMU9l I I belong to us os well." 'Appreciation is o wonderfulthing; lt mokes whot is excellent in others Notes to Annual Statement of Accounts in Form 5 l. As per circular no.7/2017 dated 4n July 2017 issued by MahaRERA, a chartered accountant is required to certifr the percentage completion of construction work to be mentioned in Clause 4 of Form 3 only when 100 percent of the work is completed. Further, it has been clarified that this information is not mandatorily required to be certified by a chartered accountant, as this information is detailed in Form 1 provided by the Architect. Based on this analogy, we have not certified the percentage of completion of the project at Para 3(i) of this certificate. 2. MahaRERA vide its circular no.7l20l7 (referred supra) has clarified that there is no end-use restriction on the amount that is withdrawn from the separate bank account in accordance with the provisions of the Act, Rules, Regulations, or Circulars and has recommended that the amount withdrawn should preferably be utilized for completion of the project. In light of the above, while all reasonable care has been taken to verifr that the amounts collected from this project (including amounts withdrawn from separate bank accounts) have been utilized for procuring goods and services only for this project, however, this certificate should not be construed as a certification of actual utilization of these goods and services for the said project. 3. This report is based on the information, explanations, and representations given to us by the partners. For PS&CO Accountant FRN:l 529W CA mitra Partner Membership No: 055585 Place: Nashik Date:09th September,2023 UDIN No. 23055585BGWIMU91l I