10/12, Shreeji Kunj, Joshi Lane, Ghatkopar East, Merchant & Co. Mumbai - 400077. Chartered Accountants Tel. No.: +91-9768355010. Email: ushmamerchant88@gmail.com FORM 5 ANNUAL REPORT ON STATEMENT OF ACCOUNTS To, Skyblu Developers, 802, Skyline Epitome, Kirol Road, Near Jolly Gymkhana, Vidyavihar West, Mumbai – 400 086 Subject: Report on Statement of Accounts on project fund deposit, utilization and withdrawal by Skyblu Developers for the period from 01/04/2022 to 31/03/2023 of Project “72 Corp” (old Batra Niwas) having MahaRERA Registration Number P51800021663 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. Management Responsibility on the Stataments 2. The preparation of this Statement is the responsibility of the Management of the firm. The responsibility includes designing, implementing and maintaining 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. 3. The Management is also responsible for ensuring that the firm complies with requirements of the provisions of the Real Estate (Regulation and Development) Act, 2016. Auditor’s Responsibility 4. Pursuant to the requirements of the Real Estate (Regulation and Development) Act, 2016, it is our responsibility to obtain reasonable assurance and form an opinion as to whether the statement is in agreement with the financial statements for the year ended 31st March, 2023. 5. We have conducted my examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. 6. We have complied with the relevant applicable requirements of the Standard on Quality (SQC) 1, Quality control for Firms that perform audits and reviews of Historical Financial Information and other Assurance and Related Services Engagements. 7. I have obtained all necessary information and explanation from the Promoter, during the course of our audit, which in my opinion are necessary for the purpose of this certificate. 10/12, Shreeji Kunj, Joshi Lane, Ghatkopar East, Merchant & Co. Mumbai - 400077. Chartered Accountants Tel. No.: +91-9768355010. Email: ushmamerchant88@gmail.com Opinion 8. I hereby confirm that I have examined the prescribed registers, books and documents, and the relevant records of Skyblu Developers for the period ended 31st March, 2023 and hereby certify that: A. Deposits: Sr. Particulars For this Fiscal Total for this No. Year Project till date 1 Total amount collected from Allottees 13,23,16,227.16 21,35,20,188.90 2 % of amount to be deposited as per act 70.00% 70.00% 3 Amount to be deposited as per Act (1 * 2) 9,26,21,359.01 14,94,64,132.23 4 Total Amount deposited in the Designated Bank 9,72,45,758.40 15,45,48,246.30 Account 5 % of Amount deposit in Designated Bank Account 73.49% 72.38% [(4) / (1) * 100] 6 Shortfall/(Excess) Deposit (3‐4) (46,24,399.39) (50,84,114.07) I certify that Skyblu Developers has deposited the required proportion of money collected from the allottees of the project units in the Designated RERA Bank Account, as specified in the act B. Withdrawals: Sr. Particulars For this Fiscal Total for this No. Year project till date 1 Opening Balance of Designated Bank Account 96,00,597.00 Nil 2 Total Deposits 9,72,45,758.40 15,45,48,246.30 3 Total Amount Withdrawn 10,68,46,355.40 15,45,48,246.30 4 Closing Balance Nil Nil I certify that 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 C. Utilisation I certify that, the Skyblu Developers has utilized the amounts withdrawn from designated bank account towards project cost only, as specified in the act D. Any Qualifications/Observations: None 10/12, Shreeji Kunj, Joshi Lane, Ghatkopar East, Merchant & Co. Mumbai - 400077. Chartered Accountants Tel. No.: +91-9768355010. Email: ushmamerchant88@gmail.com Restriction on Use 9. This certificate is issued sole for the purpose of enabling the company to comply with the provisions of Real Estate (Regulation and Development) Act, 2016. Accordingly, we do not accept or assume any Liability or any duty of care for any other purpose or to any person to whom this certificate is shown or into whose hands it may come without our prior consent in writing For Merchant and Co Chartered Accountants ICAI Firm Registration No. 145290W USHMA Digitally signed by USHMA MAHENDRA MERCHANT DN: c=IN, o=Personal, postalCode=400077, st=Maharashtra, MAHENDRA serialNumber=70710B83EEA0AE461169FCBF375DF 143177C5341DC2DB0E5321F67395B4F93AC, MERCHANT cn=USHMA MAHENDRA MERCHANT Date: 2023.11.24 11:55:37 +05'30' Ushma Merchant Propreitor Membership No. 142930 UDIN: 23142930BGYYYD2404 Place: Mumbai Dated: 24th November, 2023 Agreed and accepted by: Skyblu Developers JATIN VALJIBHAI Digitally signed by JATIN VALJIBHAI DAISARIA DAISARIA Date: 2023.11.24 15:25:21 +05'30' Name: Jatin Daisaria (Partner) Date: 24th November, 2023