JIMIT B SHAH & CO Chartered Accountant A/1201,Gopal Kunj HSG Society, Sarojini Naidu Road, Bhagat Colony, Kandivali West, Mumbai – 400067 FORM 5 (See Regulation 4) ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANTS CERTIFICATE To, Date:24-01-2025 M/S. KRISHANG INFRA PRIVATE LIMITED Office No-9, Ground Floor, Saroj Apt, Vallabbhai Patel, Mumbai, Mumbai Suburban-400056 SUBJECT :- Report on Statement of Accounts on project fund deposit, utilization and withdrawal by M/S. KRISHANG INFRA PRIVATE LIMITED for the period from 01-04-2023 to 31-03-2024 with respect to the project 56 PARK AVENUE having MahaRERA Regn. Number P51800052268. 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) Rule, 2017. 2 I / We have obtained all necessary information and explanation from the Promoter, during the course of our audit, which in my/our opinion are necessary for the purpose if this certificate. 3 I / We hereby confirm that I/We have examined the prescribed registers, books and documents, and the relevant records of M/S. KRISHANG INFRA PRIVATE LIMITED for the period ended 31/03/2024 and hereby certify that: A-Deposits: Sr Total for this project till Particulars For this Fiscal Year No date (upto 31/03/2024) Total amount collected from 1 allottees 1,92,80,000 4,20,90,000 % of amount to be deposited as 2 per act 70% 70% Amount to be deposited as per 3 act (1*2) 1,34,96,000 2,94,63,000 Total amount deposited in the 4 5,87,46,441 8,13,31,441 Designated Bank Account % of Amount deposit in 5 Designated Bank Account [(4)/(1)*100] 305% 193% 6 Shortfall / Excess deposit (3-4) -4,52,50,441 -5,18,68,441 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? (Yes/ No) -No If No, Please mention the amount not deposited Rs /- B:Withdrawals Total for this project till date (upto Sr No Particulars For this Fiscal Year 31/03/2024) Opening Balance of Designated Bank 1 Account 38,499 2 Total Deposits 5,87,46,441 8,13,31,441 3 Total amount withdrawn 5,65,19,497 7,90,65,997 4 Closing balance 22,65,444 22,65,444 As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were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 / No) -Yes If No. Please provide the below details:- Amount of Excess Sr no Date of withdrawal Withdrawals C: Utilisation I/We certify that M/S. KRISHANG INFRA PRIVATE LIMITED has utilized the amounts withdrawn from designated bank account towards projects cost only, as specified in the act. If No, please provide the below details:- Amount not utilized Srno Date for Project Cost D:Any Qualifications / Observations of CA Sr No Particulars As per self-certification obtained from the management, the amounts withdrawn from the designated bank account are utilized towards project cost only. However, it is not possible for us to verify the end use of funds withdrawn from designated bank account on one-to-one basis since the requisite record for such verification is not available with us. We have relied on 1 the expenditure as per books of accounts produced before us. This Project is taken over project from another promoter and the old promoter had sold inventory from which he has collected 2,17,00,000/- before implementation of Rera Act 2 which is not included in our Table A. The excess amount Deposits in Table A because there are deposits 3 other than sales proceeds in the bank account. 4 5 Yours Faithfully, Digitally signed by JIMIT BIPIN JIMIT BIPIN SHAH SHAH Date: 2025.01.24 17:17:15 +05'30' Signature of Chartered Accountant UDIN: 25162960BMIOEZ7182 Membership No162960 Name:- Jimit Shah Date:24-01-2025 Agreed and accepted by Digitally signed by DEVASHISH DEVASHISH PRADEEP RAVAL PRADEEP RAVAL Date: 2025.01.24 18:03:17 +05'30' Signature of Promoter Name: M/S. KRISHANG INFRA PRIVATE LIMITED Date:24-01-2025