Chartered Accountants Deloitte One International Center Tower 3, 31st Floor Haskins & Sells LLP Senapati Bapat Marg Elphinstone Road (West) Mumbai 400 013 Maharashtra, India Tel: + 91 22 6185 6000 Fax: +91 22 6185 4101 FORM 5 ANNUAL REPORT ON STATEMENT OF ACCOUNTS To, Date: September 19, 2025 Mahindra Lifespace Developers Limited, 5 th Floor, Mahindra Towers, Dr. G.M. Bhosale Marg, Worli, Mumbai - 400 018 SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and Lifespace Promoter for the period from July 10, 2024 to March 31, 2025 with respect to the Project MAHINDRA HAAPINEST KALYAN 2 PROJECT B ( Registration number P51700076963. 1. This report is issued in accordance with the provisions of the Real Estate Real Estate (Regulation and Development) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017. (as amended) . 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 report. 3. We hereby confirm that we have examined the books and documents, and the relevant records of the Promoter for the period from July 10, 2024 to March 31, 2025 and hereby report that: A. Deposits as per the Statement: (Amount in Rs.) Sr. Particulars For the period Total for this No. July 10, 2024 to project till March 31, 2025 March 31, 2025 Total amount collected from 1 allottees in RERA Collection 8,06,47,679 8,06,47,679 Account no. 923020068592727 % of amount to be deposited 2 70% 70% as per act Amount to be deposited as 3 5,64,53,375 5,64,53,375 per act (1 *2) Regd. Office. One International Center, Tower 3, 31 st Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP Identification No. AAB-8737 Deloitte Haskins & Sells LLP Total amount deposited in the 4 Designated Bank Account No. 5,64,38,073 5,64,38,073 923020068592400 % of Amount deposited in 5 Designated Bank Account 70% 70% (4)/(1)*100% 6 Shortfal/(Excess) deposit (3-4) 15,302 15,302 (i) Out of Rs. 21,000 collected from allottees on March 31, 2025, amount of Rs.14,700 has been deposited in Designated bank account on April 02, 2025. (ii) Interest on deposit and other charges for July 10, 2024 to March 31,2025 amount to Rs.602 and till March 31, 2025 for amount to Rs.602. Notes A(I) Milestone demands raised by Promoter on customers from time to time as per agreed payment plan contains agreement value as well as GST and other pass- through charges like maintenance etc. Customer makes combined payment against demand letter through single cheque/online transfer and no separate cheque/online transfer is done for GST and other pass-through charges. Considering combined receipts from customers, to ensure compliance with RERA escrow requirements, Promoter deposits 70% of entire collection (inclusive of GST and other pass- through charges) into designated RERA account. Hence it is not possible to bifurcate GST and other pass-through charges from collection received from customers and same is reported on gross basis. 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? (Yes / No). B. Withdrawals as per the Statement: (Amount in Rs.) Sr Particulars For the period from Total for this No. April 01, 2024 to Project till March March 31, 2025 31, 2025 Opening Balance of 1 Designated Account No. - - 923020068592400 2 Deposit 5,64,38,073 5,64,38,073 3 Withdrawals 5,63,51,000 5,63,51,000 Closing Balance of 4 Designated Bank Account No. 923020068592400 87,073 87,073 As specified in the Act, all the amounts withdrawn during the year from Designated Bank Account were within the withdrawal limit as reported under the relevant Form 1, Form 2 and Form 3 issued during the reporting period? (Yes/No). 2 Deloitte Haskins & Sells LLP C. Utilisation as per the Statement: We report that, Mahindra Lifespace Developers Limited has utilized (Refer Note C(I)) the amounts withdrawn from designated bank account towards project cost only, as specified in the act. Additionally, amounts have been withdrawn and utilized towards Indirect Taxes in respect of the project. C(I) The Promoter incurs cost towards construction and development of project and on the basis of limit available in Form 3 (on the basis of quarterly Chartered Accountant certification), correlation of the payments made is not possible. However, on an aggregate basis money collected has been utilised for the projects on the basis of certified collection and utilisation statement provided by the management and relied on by the auditors for their report purpose. D. Observations: 1. None, except as referred to in Note A(I) and Note C(I). 4 This report is to be read along with the notes forming an integral part of the Report. For DELOITTE HASKINS & SELLS LLP Chartered Accountants 117366W/W-100018) Nilesh Shah (Partner) (Membership No. 049660) (UDIN: 25049660BMOCEL8722) Place: Mumbai Date: September 19, 2025 Agreed and accepted by: For Mahindra Lifespace Developers Limited Sandesh Pawar (Project Head) September 19, 2025 3 Deloitte Haskins & Sells LLP Notes forming an integral part of the Report 1. This report is issued in accordance with the terms of our engagement letter dated September 01, 2025. 2. The preparation of the accompanying Statement dated September 18, 2025 and compliance with RERA and related MahaRERA rules pertaining to project fund deposit, utilization and withdrawal is the responsibility of the Management of the Company including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. Responsibility 3. The financial statements as of and for the year ended March 31, 2025 have been audited by us, on which we issued an unmodified audit opinion vide our report dated April 25, 2025. Our audit of these financial statements were conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. We have examined the books of account and other relevant records and documents maintained by the Company in the normal course of its business for the purpose of providing reasonable assurance on the particulars mentioned in the report. 4. This report is based on our examination of the Statement dated September 18, 2025 attached to this report which we have initialled for identification purpose only and other relevant records and information considered necessary for the purposes of issuing this report and the information and explanations given to us by the Company. 5. We conducted our examination of the Statement in accordance with the Guidance Note on Reports and Certificates for Special Purposes issued by the Institute of Chartered Accountants of India (ICAI) and the Standards on Auditing specified under Section 143(10) of the Companies Act 2013, which includes the concepts of test checks and materiality. This Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 6. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements. 7. The aforesaid report is evaluated basis the information contained in following documents: a. Audited books of accounts as at and for the year ended March 31, 2025. b. Form 3 (certified by Chartered Accountant) as obtained by the Promoter. 4 Deloitte Haskins & Sells LLP c. Bank Statements of Axis Bank Account No.- 923020068592727 (Collection Account) and 923020068592400 (Designated Bank Account) and d. Other relevant records maintained by the Promoter for the relevant year and written representation from the management. Restriction on Use and Distribution 8. This report has been issued at the request of the Company in accordance with the provisions of the RERA 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 (as amended) for further submission to Maha RERA Authority or uploading on their website or submitting to concerned agencies or Banker as required under RERA act or rules from time to time. Apart from these, this report should not be used for any other purpose without our prior written consent or to be distributed to any other parties. Accordingly, we do not accept or assume any liability or any duty of care or for any other purpose or to any other party to whom it is shown or into whose hands it may come without our prior consent in writing. For DELOITTE HASKINS & SELLS LLP Chartered Accountants 117366W/W-100018) Nilesh Shah (Partner) (Membership No. 049660) (UDIN: 25049660BMOCEL8722) Place: Mumbai Date: September 19, 2025 5