CERTIFICATE We hereby confirm that we have examined the book of accounts and other relevant records of the applicant M/s. Yelahanka AP Border Tollways Private Limited for the period ending June 30, 2018 and hereby certify that M/s. Yelahanka AP Border Tollways Private Limited so far infused Rs 266,57,20,000/- (Two Hundred and Sixty Six Crore Fifty Seven Lakhs Twenty Thousands Only) as per annexure-I Further we certify that M/s. Yelahanka AP Border Tollways Private Limited has -ncurred expenditure summing to Rs 347,76,87,587/- (Three Hundred and Forty Seven Crore Seventy Six Lakhs Eighty Seven Thousands Five Hundred and Eighty Seven Only) as per annexure-II towards the construction of Road from Yelahanka to Andhra Pradesh Border. Certificate No:YAPBTPL-06/2018-19 For MUKUNDA SHIVA & ASSOCIATES Cure aon \ \ oie WANE SHIVA PRAKASHN G87 Partner M.No.219090 Date: 14t" August, 2018 Place: BangaloreAmount Infused Annexure-1 oe | Amount(Rs) ‘Share Capital 85,21,00,000 2 | Government Grant ie., Karnataka Viability © 23,30,20,000 Gap Fund 3° | Bank OF Baroda Term Loan ~~ 158,06,00,000 c Total 266,57,20,000 Expenditure Annexure-II Sl.No Head of Account ____ Amount (Rs) 1 EPC Cost* ~—-3,09,45,81.479 [2 | Administrative Expenses (Annexure ~III) Z 14,19,59,017 | 3__| Interest paid during construction period _23,41,45,440 4 Compliance Charges ( ROC Expenses) : 70,01,651 Total __347,76,87,587 “EPC Cost includes Sub Contractor expenses, diesel expenses, Bitumen purchase expenses, Purchase of Quarry material and other expenses related to construction of road. The differential amount between the amount infused and amount expended being Rs. 81,19,67,587/- (Eighty One Crore Nineteen Lakh Sixty Seven Thousand Five Hundred and Eighty Seven Only) is yet to be paid towards the expenses recognized. This amount is reported as Sundry Creditors in Balance Sheet of the company under the head current lial 30.06.2018. Chartered Accountal Lac War Partner M.No.219090 Date: 14* August,2018 Place: Bangalore For conte SHIVA & ASSOCIATESAdministrative Expenses ‘Annexure-It Sl.No ___Head of Account | Amount(Rs) _ 1__| Bank Charges _[ 3,32,28,005 2__| Consultant Fees paid __ 6,79,56,044 3___| Insurance Expenses a 38,01,503 | 4 | Rent 11,46,650 5 | Salary z ___3,07,34,088 6 _| Staff Welfare | 8,53,963 7___| Transportation Expenses ___10,81,678 8 __| Vehicle Expenses 7 ______31,57,066 Total 14,19,59,017 This certificate is issued as per M/s. Yelahanka AP Border Tollways Pvt. Ltd.,’s request to submit the certificate to M/s. Karnataka Road Development Corporation Limited (KRDCL) as proo* to confirm the expenses incurred towards project till 30‘ June 2018 and also to submit to M/s Bank of Baroda to avail the loan facility. For MUKUNDA SHIVA & ASSOCIATES Charters SHIVA PRAKASH HS Partner M.No.219090 Date: 14t% August, 2018 Place: Bangalore