Form 5 ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANT’S CERTIFICATE To M/s. Shraddha Landmark Private limited 301,Sai Heritage, Tilak Road, Ghatkopar East, Mumbai Suburban, Maharashtra-400077 SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and withdrawal by M/s. Shraddha Landmark Private limited for the period from 01/04/2022 to 31/03/2023 with respect to MahaRERA Regn Number - P51800021957. 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. 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 this certificate. 3. We hereby confirm that we have examined the prescribed registers, books and documents and the relevant records of M/s. Shraddha Landmark Private limited for the period ended 31/03/2023 and hereby certify that: A. Deposits: Till date i.e. S. No. Particulars Financial Year 2022-23 (31/03/2023) 1 Total amount collected from allottees 21,45,53,014 61,02,90,831 2 % of amount to be deposited as per act 70% 70% 3 Amount to be deposited as per act (1*2) 15,01,87,109 42,72,03,582 4 Total amount deposited in the Designated Bank Account 12,02,17,778 37,69,86,964 % of amount deposited in the Designated Bank Account 5 56.03% 61.77% [(4)/(1)*100] 6 Shortfall/Excess deposit (3-4) 2,99,69,332 5,02,16,618 Amount collected/deposited at Sr. No. 1 & 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, Refer Annexure A for Detailed Reconciliation. If No, Please mention the amount not deposited. B. Withdrawals: Till date i.e. S. No. Particulars Financial Year 2022-23 (31/03/2023) 1 Opening Balance of Designated BankAccount - - 2 Total Deposits 12,02,17,778 37,69,86,964 3 Total Amount withdrawn 12,02,17,778 37,69,86,964 4 Closing Balance 0 0 As specified in the Act, all the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certified under the relevant Form 1, Form 2 and Form 3 issued during the reporting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? (Yes) If No, please provide the below details:- S. Amount of Excess Date of withdrawal No. Withdrawals 1 - C. Utilisation: We certify that, M/s. Shraddha Landmark Private limited has utilized the amounts withdrawn from Designated Bank Account towards project cost only, as specified in the Act. If No, please provide the below details:- Amount not utilized for S. No. Date Project Cost 1 Refer note no. 3 - D. Any Qualifications/Observations of CA: The commencement date of the project is considered as per RERA Certificate issued by Maha RERA (i.e.25th 1 August, 2019). The Total funds collected from allottees have been derived from the unaudited books of accounts, as presented by the management of the promoter. On a comprehensive assessment of the promoter's books of accounts, it has come to light that the promoter is not adhering partially to the stipulation of maintaining a distinct Designated RERA Bank account for the project, as mandated by Section 4(2)(l)(D) of the Act.The promoter 2 does partially maintain a Designated RERA Bank account for the project at AU Small Finance Bank, account number 1921234085396780, it has been noted that only receipts of Rs. 18,03,39,681/- during Financial Year 2022-23(and till date Rs. 54,28,49,498/-) has been deposited into 100% collection account, while all other customer advances are being received in the promoter's regular current accounts. For M/s Gaurav S Rajpal & Co. Chartered Accountant FRN :-159009W GAURAV Digitally signed by GAURAV SATISH SATISH RAJPAL Date: 2023.09.30 RAJPAL 19:31:35 +05'30' CA Gaurav S Rajpal M.No. 618490 Date : 30-09-2023 Place: Navi Mumbai UDIN :- 23618490BGZWRZ2852 Annexure A FY 2019-20 Sr.No Particulars Shortfall / (Excess Deposit) -70% 1 Other than customer receipts received in RERA 100% (5,76,031) 2 Customer Receipts received in Current Account of Promoter 2,54,60,777 3 Pass through Charges (i.e Stamp Duty , GST, Others Charges) (1,67,03,312) 4 TDS Receivable 24,42,458 5 Cancelled Flat receipts received in 100% Collection Account (24,29,210) 6 Rounding OFF 5 Total 81,94,687 FY 2020-22 Sr.No Particulars Shortfall / (Excess Deposit) -70% 1 Other than customer receipts received in RERA 100% (7,071) 2 Customer Receipts received in Current Account of Promoter 2,95,36,452 3 Pass through Charges (i.e Stamp Duty , GST, Others Charges) (1,77,49,278) 4 TDS Receivable 2,65,495 5 Customer receipts received in Other Project Bank Account 7,000 Total 1,20,52,598 FY 2022-2023 Sr.No Particulars Shortfall / (Excess Deposit) -70% 1 Customer Receipts received in Current Account of Promoter 3,29,13,273 2 Pass through Charges (i.e Stamp Duty , GST, Others Charges) (89,63,940) 3 Short when not tranfered from 100% 60,20,000 Total 2,99,69,333 Till date i.e. (31/03/2023) Shortfall/(Excess Deposit) 5,02,16,618