B S R & Co. LLP 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Chartered Accountants Western Express Highway Goregaon (East), Mumbai – 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Private and confidential The Board of Directors Godrej Properties Limited Godrej One, 5th Floor Pirojshanagar, Eastern Express Highway Vikhroli (East) Mumbai 400079 02 September 2025 Independent Auditors’ certificate on Annual Report on Statement of accounts on project fund deposit, utilization and withdrawal for Godrej Properties Limited (‘the Company’) for its project – Godrej Reserve Wing 5 (‘the Project’), in Form 5 - Annual Report on Statement of Accounts (‘Annexure F’), issued in accordance with the third proviso to Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016 (‘the Act’) read with the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017 , as amended from time to time 1. This certificate is issued in accordance with the terms of our engagement letter dated 09 August 2022 and addendum dated 23 June 2025. 2. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016 (‘the Act’) 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 (‘the Rules’). 3. The accompanying Annexure F and I contains of the project for: (i) Amounts collected from the date of RERA registration i.e. 6 February 2024 to 31 March 2025 and deposited in the Designated Bank Account; (ii) Amounts withdrawn from the date of RERA registration i.e. 6 February 2024 to 31 March 2025 from Designated Bank Account in respect of withdrawal being in prescribed limit, as required as per the Act read with the Rules; and (iii) Amounts withdrawn from the Designated Bank Account and its utilization towards the project cost only, as specified in the Act. B S R & Co. (a partnership firm with Registration No. Registered Office: BA61223) converted into B S R & Co. LLP (a Limited 14th Floor, Central B Wing and North C Wing, Nesco Liability Partnership with LLP Registration No. AAB- IT Park 4, Nesco Center, Western Express Highway, 8181) with effect from October 14, 2013 Goregaon (East), Mumbai - 400063 B S R & Co. LLP Godrej Properties Limited Godrej Reserve Wing 5 02 September 2025 Independent Auditors’ certificate on Annual Report on Statement of accounts on project fund deposit, utilization and withdrawal for Godrej Properties Limited (‘the Company’) for its project – Godrej Reserve Wing 5 (‘the Project’), in Form 5 - Annual Report on Statement of Accounts (‘Annexure F’), issued in accordance with the third proviso to Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016 (‘the Act’) read with the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017 , as amended from time to time(Continued) The Annexure I has been prepared by the management of the Company for submission to Maharashtra Real Estate (Regulation and Development) Authority, which we have signed for identification purposes only. Management’s responsibility for Annexure I 4. The preparation of Annexure I is the responsibility of the Management of the Company, including the preparation and maintenance of all accounting and other relevant supporting registers, records and documents. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of Annexure I and applying an appropriate basis of preparation and making estimates that are reasonable in the circumstances. 5. The Management of the Company are also responsible for ensuring that the Company complies with the requirements of the Act read with the Rules. Auditors’ responsibility 6. Pursuant to the requirements of third proviso to Section 4(2)(l)(D) of the Act read with the Rules, our responsibility is to provide a reasonable assurance whether: (i) The amount of collections and withdrawals, in respect of the Project, contained in Annexure F and Annexure I, have been accurately extracted from the unaudited books of accounts and other relevant registers, records and documents of the Company for the respective periods reported; (ii) The promoter’s name, project’s name, RERA registration number, start date and end date of the project are as mentioned in RERA registration certificate no. P51800054690 dated 06 February 2024; (iii) The total collections for the project, as specified in the attached Annexure F and Annexure I for the period from 6 February 2024 to 31 March 2025 have been accurately extracted from the bank statement of collection account no. 924020007099893, Axis Bank, Fort Branch and the audited books of account of the Company and have been verified on a test check basis; B S R & Co. LLP Godrej Properties Limited Godrej Reserve Wing 5 02 September 2025 Independent Auditors’ certificate on Annual Report on Statement of accounts on project fund deposit, utilization and withdrawal for Godrej Properties Limited (‘the Company’) for its project – Godrej Reserve Wing 5 (‘the Project’), in Form 5 - Annual Report on Statement of Accounts (‘Annexure F’), issued in accordance with the third proviso to Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016 (‘the Act’) read with the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017 , as amended from time to time(Continued) Auditors’ responsibility (Continued) (iv) The total deposits and withdrawals for the project, as specified in the attached Annexure F and Annexure I, for the period from 06 February 2024 to 31 March 2025 have been accurately extracted from the bank statement of Axis Bank, Fort Branch, Bank account no. 923020069395206 (the "Designated bank account") and the audited books of account of the Company and have been verified on a test check basis; (v) The amount of withdrawals from Designated Bank Account, in respect of the Project, as mentioned in Annexure F and Annexure I, are within the limits as certified under the relevant Form 3 issued by AKPJ & Associates, for the period from 06 February 2024 to 31 March 2024, 1 April 2024 to 30 June 2024, 1 July 2024 to 30 September 2024, 1 October 2024 to 31 December 2024, 1 January 2025 to 31 January 2025, 1 February 2025 to 28 February 2025, 1 March 2025 to 27 March 2025 and 28 March 2025 to 31 March 2025 dated 19 April 2024, 16 July 2024, 16 October 2024, 17 January 2025, 15 February 2025, 10 March 2025, 28 March 2025 and 16 April 2025 respectively and are in compliance with the withdrawal provisions under the Rules as amended from time to time; and (vi) The utilisation of the withdrawals from Designated Bank Account is only for the purpose of the Project and have been verified on a test check basis. 7. Details reported in paragraph 6 above are in relation to Godrej Reserve Wing 5 project which have been extracted from the unaudited project wise financial details, as maintained by the management which is extracted from the audited financial statements of Godrej Properties Limited for the year ended 31 March 2025 which have been audited by us, on which we issued an unmodified audit opinion vide our report dated 02 May 2025. Our audit of these books of account were conducted in accordance with the Standards on Auditing and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the books of account are free of material misstatements. 8. We conducted our examination of the attached Annexure F and Annexure I in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) 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. B S R & Co. LLP Godrej Properties Limited Godrej Reserve Wing 5 02 September 2025 Independent Auditors’ certificate on Annual Report on Statement of Accounts on project fund deposit, utilization and withdrawal by Godrej Properties Limited (‘the Company’) for its project – Godrej Reserve Wing 5 (‘the Project’), in Form 5 - Annual Report on Statement of Accounts (‘Annexure F’), issued in accordance with the third proviso to Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016 (‘the Act’) read with the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017 , as amended from time to time(Continued) 9. 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. Opinion 10. Based on our examination, information and explanations and representations received from the Management of the Company, as set out in the attached Annexure I and the work performed as set out in paragraph 6 above, we have issued a certificate enclosed in the attached Annexure F. Restriction on use 11. This certificate and its annexures are addressed to and provided to the Management of the Company solely for the purpose of submission to Maharashtra Real Estate Regulatory Authority in compliance with the third proviso to Section 4(2)(l)(D) of the Act read with the Rules and it should not be used by any other person or for any other purpose. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without prior consent in writing. For B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W-100022 Digitally signed by Rupen Dilip Rupen Shah Dilip Kumar Kumar Shah Date: 2025.09.02 18:32:44 +05'30' Rupen Shah Mumbai Partner 02 September 2025 Membership No:116240 UDIN : 25116240BMMLOF5556 B S R & Co. LLP 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Chartered Accountants Western Express Highway Goregaon (East), Mumbai – 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Annexure F FORM 5 (See Regulation 4) ANNUAL REPORT OF STATEMENT OF ACCOUNTS. CHARTERED ACCOUNTANT'S CERTIFICATE Date:02/09/2025 To, The GODREJ PROPERTIES LIMITED, Kurla, Mumbai Suburban, MAHARASHTRA, 400079, SUBJECT: Report on Statement of Accounts on project fund deposit, utilization, and withdrawal by GODREJ PROPERTIES LIMITED for the period from 01/04/2024 to 31/03/2025 with respect to MahaRERA Registration Number P51800054690. 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. I/We have obtained all necessary information and explanations from the Promoter, during the course of our audit, which in my/our opinion are necessary for the purpose of this certificate. 3. I/We hereby confirm that I/We have examined the prescribed registers, books, and documents, and the relevant records of GODREJ PROPERTIES LIMITED for the period ended 31/03/2025 and hereby certify that: B S R & Co. (a partnership firm with Registration No. Registered Office: BA61223) converted into B S R & Co. LLP (a Limited 14th Floor, Central B Wing and North C Wing, Nesco Liability Partnership with LLP Registration No. AAB- IT Park 4, Nesco Center, Western Express Highway, 8181) with effect from October 14, 2013 Goregaon (East), Mumbai - 400063 B S R & Co. LLP A. Deposits: For this Fiscal year Total for this project till date Total amount collected from 1. allottees 3442652091.00 4089227860.00 % of Amount to be deposited 2. as per act 70.00 70.00 Amount to be deposited as 3. per act (1 * 2) 2409856463.70 2862459502.00 Total amount deposited in the 4. Designated Bank Account 2553566523.00 3029258054.00 % of Amount deposited in 5. Designated Bank Account 74.17 74.08 ((4)/(1)*100) 6. Shortfall/Excess deposit (3-4) -143710059.30 -166798552.00 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, been deposited in the Designated RERA Bank Account? : Yes B. Withdrawals: For this Fiscal year Total for this project till date Opening Balance of 1. Designated Bank Account 500.00 0.00 2. Total Deposits 2553566523.00 3029258054.00 3. Total amount withdrawn 2527550261.00 3003241291.00 4. Closing Balance 26016762.00 26016762.00 As specified in the Act, all the amounts withdrawn during the year from RERA Bank Account were Page 2 of 4 B S R & Co. LLP within the withdrawal limit as certified under the relevant Form 1, Form 2, and Form 3 issued during the reporting period? : Yes C. Utilization: We certify that GODREJ PROPERTIES LIMITED has utilized the amounts withdrawn from designated bank account towards project cost only, as specified in the act. : Yes Page 3 of 4 B S R & Co. LLP D. Any Qualifications / Observations of CA Refer independent Auditors' certificate on report on statement of accounts 1. dated 02 September 2025 and Annexure I attached herewith which is to be read along with the Annexure F Yours faithfully, Rupen Dilip Digitally signed by Rupen Dilip Kumar Shah Kumar Shah +05'30' Date: 2025.09.02 18:33:00 Signature of Chartered Accountant UDIN: 25116240BMMLOF5556 Membership Number: 116240 Name: Rupen Shah Agreed and Accepted by Digitally signed by BHARATKUMAR BHARATKUMAR JAIN BABULAL BABULAL JAIN Date: 2025.09.02 18:13:26 +05'30' Signature of Promoter Name: GODREJ PROPERTIES LIMITED Date:02/09/2025 Page 4 of 4 Annexure I Details of Annual Report on Statement of Accounts Promotor Name : Godrej Properties Limited Project Name : Godrej Reserve Wing 5 RERA Registration No : P51800054690 RERA Registration Start Date : 06 February 2024 RERA Registration End Date : 30 June 2030 Additional Details to be read with Annexure F – Form 5 a) The promoter’s name, project’s name, RERA registration number, start date and end date of the project are as mentioned in RERA registration certificate no. P51800054690 dated 06 February 2024. b) The amounts mentioned has been extracted from the unaudited project wise books of accounts, prescribed registers, books and documents, and the relevant records maintained by the Company which is extracted from the audited financial statements of Godrej Properties Limited as at 31 March 2025. c) The amount of collections has been extracted from the bank statement of the collection account no. 924020007099893, Axis Bank, Fort Branch during the period from 06 February 2024 to 31 March 2025. d) The amount of collections for the period from 06 February 2024 to 31 March 2025 includes a sum of Rs. 50,25,887 which has been received in collection account 924020007099893, Axis Bank, Fort Branch and is in process of appropriation towards the parties. e) The amount of collections during the period from 06 February 2024 to 31 March 2025 are exclusive of Goods and Service Tax and tax deducted at source as calculated by the management for the period, bank charges and amount reversed on account of cheque bounced and the same has been verified through the bank statement as Gross Collection received from customers. f) The amount of total collections as reported in table A excludes amount of closing balance of Collection account and includes amount of opening balance of collections account as extracted from Account no. 924020007099893, Axis Bank, Fort Branch as the proportionate amount is transferred to the Designated Bank account no 923020069395206, Axis Bank, Fort Branch on next bank working day respectively. Additional Details to be read with Annexure F – Form 5 (Continued) g) As mentioned in point e and f , Net Collections for the period reported in Table A is calculated as below Sr.no Particulars Amount Gross Collection during the year (Total of Credits in Collection A Account) 3,681,228,199 B Less rejections/reversals : a. Amounts reversed in the bank account due to cheques bounce 65,799,877 b. Goods and Services Tax and Net of TDS 173,871,318 C Add: Opening balance of Collection Account 25,291,244 D Less: Closing balance of Collection Account 24,196,157 Net collection during the period from 01 April 2024 to 31 March E 2025 (A-B+C-D) 344,26,52,091 Net collection during the period from 06 February 2024 to 31 F March 2024 (A-B+C-D) 64,65,75,769 Net collection during the period from 06 February 2024 to 31 G March 2025 (A-B+C-D) 408,92,27,860 h) The amount of total deposits and total amount withdrawals have been extracted from the bank statement of Axis Bank, Fort Branch, Bank account no. 923020069395206 ("Designated bank account") during the period from 06 February 2024 to 31 March 2025. i) The amount of withdrawals (pertaining to the collections) are inclusive of Goods and Services Tax (GST) and exclusive of Tax Deducted at Source (TDS), if any, deducted by the customers.. j) The amount of withdrawals from Designated Bank Account, in respect of the Project, as mentioned in Annexure F and Annexure I, are within the limits as certified under the relevant Form 3 issued by AKPJ & Associates, for the period from 06 February 2024 to 31 March 2024, 1 April 2024 to 30 June 2024, 1 July 2024 to 30 September 2024, 1 October 2024 to 31 December 2024, 1 January 2025 to 31 January 2025, 1 February 2025 to 28 February 2025, 1 March 2025 to 27 March 2025 and 28 March 2025 to 31 March 2025 dated 19 April 2024, 16 July 2024, 16 October 2024, 17 January 2025, 15 February 2025, 10 March 2025, 28 March 2025 and 16 April 2025 respectively and are in compliance with the withdrawal provisions under the Rules as amended from time to time. k) The amount of withdrawals in Designated Bank account as reported in table B includes a sum of Rs. 144,984,836 pertaining to Net Fixed Deposit created during the period out of the RERA Designated account as permitted as per Circular No 7/2017 of the Maharashtra Real Estate Regulatory Authority. l) The amounts withdrawn from the Designated Bank Account are towards the Project cost only which have been verified on test check basis. m) The amount utilized/ Spent for the Project have been extracted from the bank statement of the Axis Bank, Fort Branch, Bank account no. 924030007109036 and common account Axis Bank, Fort Branch, Bank account no. 924030026175126 for the period from 06 February 2024 to 31 March 2025. Additional Details to be read with Annexure F – Form 5 (Continued) n) The project had commenced incurring expenses prior to 06 February 2024 (RERA Registration Date) from common account of the Promoter. As explained by management, the amounts withdrawn during the period is towards Project Cost which is inclusive of such expenses incurred from the common account prior to 06 February 2024 (RERA Registration Date). o) Amount Spent for the project includes expenses commonly incurred for All the Projects, allocated to respective Project based on Saleable area of the respective tower of the Project. The information relating to Amount incurred for the Project have been proportionately extracted for : i) Godrej Reserve Tower 1 (Launched) - Saleable Area: 7,00,798 sq.ft ii) Godrej Reserve Tower 2 (Launched) - Saleable Area: 6,85,189 sq.ft iii) Godrej Reserve Tower 3 (Launched) - Saleable Area: 5,76,433 sq.ft iv) Godrej Reserve Tower 4 (Launched) - Saleable Area: 5,73,121 sq.ft v) Godrej Reserve Tower 5 (Launched) - Saleable Area: 6,35,774 sq.ft vi) Godrej Reserve Tower 6 - Saleable Area: 6,48,379 sq.ft vii) Godrej Reserve Retail - Saleable Area: 56,405 sq.ft p) We have not performed any procedures or examined the contents of the certificates issued under relevant Form 1, Form 2 and Form 3 respectively by Architect, Engineer and Chartered Accountant during the reporting period. For Godrej Properties Limited Signed for Identification purpose only CIN : L74120MH1985PLC035308 By Rupen Shah Rupen Digitally signed Digitally signed by BHARATKUM BHARATKUMAR Dilip by Rupen Dilip Kumar Shah AR BABULAL BABULAL JAIN Kumar Date: 2025.09.02 Date: 2025.09.02 18:33:15 +05'30' JAIN 18:13:54 +05'30' Shah Authorised Signatory For B S R & Co. LLP