Form 5 ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANT’S CERTIFICATE To M/s. Hasthshilp Reality Flat No 1, Ganga Smruti Apartments,CTS 1193, Lane No.3 Subhash nagar, Shukrawar Peth, Swargate, Pune, Maharashtra 411002. SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and withdrawal by M/s. Hasthshilp Reality (promoter of the project "Vertical Alcinia Phase III") for the period from 01/04/2023 to 31/03/2024 with respect to MahaRERA Regn Number - P52100011957. 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. Hasthshilp Reality (promoter of the project "Vertical Alcinia Phase III") for the period ended 31/03/2024 and hereby certify that: A. Deposits: Till date i.e. S. No. Particulars Financial Year 2023-24 (31/03/2024) 1 Total amount collected from allottees 7,25,55,675 15,67,44,497 2 % of amount to be deposited as per act 70% 70% 3 Amount to be deposited as per act (1*2) 5,07,88,973 10,97,21,148 4 Total amount deposited in the Designated Bank Account 5,06,35,071 8,76,12,489 % of amount deposited in the Designated Bank Account 5 69.79% 55.90% [(4)/(1)*100] 6 Shortfall/Excess deposit (3-4) 1,53,902 2,21,08,659 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 Reffer Annexure A. If No, Please mention the amount not deposited. B. Withdrawals: Till date i.e. S. No. Particulars Financial Year 2023-24 (31/03/2024) 1 Opening Balance of Designated BankAccount 6,94,851 - 2 Total Deposits 5,06,35,071 8,76,12,489 3 Total Amount withdrawn 5,13,29,921 8,76,12,489 4 Closing Balance - - As specified in the Act, all the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certified under the relevant Form 1, Form 2 and Form 3 issued during the reporting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. Hasthshilp Reality 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 Observation No. 3 Vertical Alcinia Phase-III Annexure A (Reasons for Shortfall/(Excess Deposit) In Designated RERA Account. Financial Year Till date i.e. 2023-24 (31/03/2024) Particulars Shortfall / Shortfall / Excess Excess Deposit Deposit (70%) (70%) A. Other than Customer Receipts deposited in Master Collection Account. (70,000) (8,83,411) Sub-Total(A) (70,000) (8,83,411) B. Pass through Charges, Indirect Taxes adjusted against advances received in Master Collection Account (7,54,290) (34,56,883) Sub-Total(B) (7,54,290) (34,56,883) C. Receipts from Customer in Current Account 10,48,192 3,11,33,498 Sub-Total(C) 10,48,192 3,11,33,498 D. Amount Return to Customer. - (47,60,000) Sub-Total(D) - (47,60,000) E. Previous Year Receipt Transferred During the Year. (78,982) - Sub-Total(E) (78,982) - E. Not Transferred From 100%. 8,982 78,982 Sub-Total(F) 8,982 78,982 G. Other Reasons Direct deposits in 70% Designated RERA Bank Accont (6,000) Bank Charges debited in 100% Master Collection Account. 2,473 Sub-Total(G) - (3,527) Total Shortfall / Excess Deposit (70%) (A+B+C+D) 1,53,902 2,21,08,659