Financial audit of common area account

[Ramesh Subramanyam]

Dear Shraddha

 

The interim apex has approved your proposal for auditing the Common area expenditure charged by LTR through its agencies. We have asked LTR to submit the details of collections from towers as well as Samarth to kick off the exercise.

From our side M/S Rajiv Sabnis/Dharmesh Shah/Mahtab Singanporia and self will be coordinating with you.

We have also requested them to give the opening balance break up as of April 20 .

 

Look forward to speedy completion of audit. Copying Jay goyal and Ketan Parab of LTR to pl ensure we get all the data as discussed yesterday quickly.

 

With Regards

 

 

Ramesh Subramanyam

 

[Shraddha Naik]

Thank you.

We look forward to working on the assignment.

Get Outlook for Android

---

From: Ramesh Subramanyam <ram...@cbt6.in>
Sent: Friday, December 19, 2025 11:39:53 pm
To: Shraddha Naik <shra...@aamco.in>; Jay goyal <c_jay...@larsentoubro.com>; Ketan Parab <ketan...@larsentoubro.com>
Cc: cbapex <cba...@googlegroups.com>
Subject: Financial audit of common area account

[Dharmesh Shah]

Dear Ketan and Jay,

Please let us know the date by which we can commence the audit and the list of the books and records made available for examination.

Keeping the auditors also in the loop for ease of communication.

Thanks and regards

Dharmesh Shah

M: 9821387387

---

From: cba...@googlegroups.com <cba...@googlegroups.com> on behalf of Shraddha Naik <shra...@aamco.in>
Sent: 22 December 2025 21:56
To: Ramesh Subramanyam <ram...@cbt6.in>; Jay goyal <c_jay...@larsentoubro.com>; Ketan Parab <ketan...@larsentoubro.com>
Cc: cbapex <cba...@googlegroups.com>; Amit Mohare <Am...@aamco.in>; BKC <b...@aamco.in>
Subject: [CB-Apex-Communication] Re: Financial audit of common area account

 

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[Ketan Parab]

Dear Sir,

 

We have looped in M/s Devashree to help smoothen the audit process. We can schedule a quick call next week, subject to your and your auditor’s availability, to align on the next steps.

We will share all the required details by 2^nd January 2026 to commence the audit.

 

 

Thanks & regards,

Ketan Parab

Manager- Handover & Facility Management

Larsen & Toubro Limited

 

Sensitivity : This Document is Classified as "LNT Internal Use".

From: Dharmesh Shah <ddsh...@gmail.com>
Sent: 24 December 2025 11:56
To: Jay goyal <C_jay...@larsentoubro.com>; Ketan Parab <Ketan...@larsentoubro.com>
Cc: Shraddha Naik <shra...@aamco.in>; cbapex <cba...@googlegroups.com>; Amit Mohare <Am...@aamco.in>; BKC <b...@aamco.in>
Subject: Re: Financial audit of common area account

 

CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Larsen & Toubro Limited

www.larsentoubro.com

This Email may contain confidential or privileged information for the intended recipient (s). If you are not the intended recipient, please do not use or disseminate the information, notify the sender and delete it from your system.

[Ketan Parab]

Dear Sir,

 

Please find Audit Report & Audited Statement attached herewith & the Links as follows:

 

1. Tower Bills & Vendor Invoices Link -

https://we.tl/t-iqsqJ1Qw1C

 

2. Work Order Link -

https://we.tl/t-zrIsaIpRhA

 

Kindly Note the Link Expires in 3 Days (on 6th January)

 

 

Thanks & regards,

Ketan Parab

Manager- Handover & Facility Management

Larsen & Toubro Limited

 

Sensitivity : This Document is Classified as "LNT Internal Use".

From: Ketan Parab
Sent: 24 December 2025 14:24
To: Dharmesh Shah <ddsh...@gmail.com>; Jay goyal <C_jay...@larsentoubro.com>
Cc: Shraddha Naik <shra...@aamco.in>; cbapex <cba...@googlegroups.com>; Amit Mohare <Am...@aamco.in>; BKC <b...@aamco.in>; Saish Salunkhe <saishs...@gmail.com>
Subject: RE: Financial audit of common area account

 

Dear Sir,

 

We have looped in M/s Devashree to help smoothen the audit process. We can schedule a quick call next week, subject to your and your auditor’s availability, to align on the next steps.

We will share all the required details by 2^nd January 2026 to commence the audit.

 

 

Thanks & regards,

Ketan Parab

Manager- Handover & Facility Management

Larsen & Toubro Limited

 

From: Dharmesh Shah <ddsh...@gmail.com>

[Shraddha Naik]

Dear Ketan,

Greetings for the new year. 

Thank you for sharing the data. 

We will go through the documents and get back to you shortly. 

Meanwhile, if we can schedule a call tomorrow for a quick walkthrough of the shared information it would help. Please let me know a few timeslots for tomorrow or day after tomorrow. 

Regards, 

Shraddha Naik

---

From: Ketan Parab <Ketan...@larsentoubro.com>
Sent: Saturday, January 3, 2026 4:53 PM
To: Dharmesh Shah <ddsh...@gmail.com>
Cc: Shraddha Naik <shra...@aamco.in>; cbapex <cba...@googlegroups.com>; Amit Mohare <Am...@aamco.in>; BKC <b...@aamco.in>; Saish Salunkhe <saishs...@gmail.com>; Jay goyal <C_jay...@larsentoubro.com>

[Saish Salunkhe]

Hello Shraddha Ma'am,

We can schedule a call tomorrow 2nd Half around 3 PM.

Thanks

--

Thanks & Regards

Proprietor

Saaish Sallunkhe.

Devshree Corporate Solution.

Contact : 9029001474

[Shraddha Naik]

Hello,

I was waiting on the call but no one joined.

Can you please give me alternate time?

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: Monday, January 5, 2026 5:25 PM
To: Shraddha Naik <shra...@aamco.in>
Cc: Ketan Parab <Ketan...@larsentoubro.com>; Dharmesh Shah <ddsh...@gmail.com>; cbapex <cba...@googlegroups.com>; BKC <b...@aamco.in>; Jay goyal <C_jay...@larsentoubro.com>

[Ramesh Subramanyam]

LTR team what’s happening 

Get Outlook for iOS

---

From: cba...@googlegroups.com <cba...@googlegroups.com> on behalf of Shraddha Naik <shra...@aamco.in>

Sent: Tuesday, January 6, 2026 3:18:52 PM
To: Saish Salunkhe <saishs...@gmail.com>

Cc: Ketan Parab <Ketan...@larsentoubro.com>; Dharmesh Shah <ddsh...@gmail.com>; cbapex <cba...@googlegroups.com>; BKC <b...@aamco.in>; Jay goyal <C_jay...@larsentoubro.com>

Subject: [CB-Apex-Communication] Re: Financial audit of common area account

 

To view this discussion visit https://groups.google.com/d/msgid/cbapex/MA5P287MB53327B5A760B01BA028C0E94B387A%40MA5P287MB5332.INDP287.PROD.OUTLOOK.COM.

[Secretary T5 Crescent Bay]

Hi Ketan

Can you please send this again, we have missed downloading it.

Jaineel Aga
Hon. Secretary, T-5

To view this discussion visit https://groups.google.com/d/msgid/cbapex/MA0PR01MB7900A7BBBD7404E2BCE0F7AC98B8A%40MA0PR01MB7900.INDPRD01.PROD.OUTLOOK.COM.

[Saish Salunkhe]

Hello Jaineel Sir,

We are preparing the new link and will share the latest by EOD or in the first half of tomorrow.

Thanks & Regards

Proprietor

Saaish Sallunkhe.

Devshree Corporate Solution.

Contact : 9029001474

[Shraddha Naik]

Dear Saish, 

Thank you for the call today. 

My team will start going through the vendor invoices and to check if anything is missing.

 

Meanwhile, I would request the following information as discussed over the call today

1. Updated expenses with allocation from Aug 24 till Dec 25
2. Copy of the legal opinion based on which Tower wise expenses have been allocated 
3. Bank statements 
4. Outstanding receivable from each tower 
5. Outstanding dues to vendors 
6. Collection details from Samarth 

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: Wednesday, January 7, 2026 11:46 AM
To: Secretary T5 Crescent Bay <secretary...@gmail.com>
Cc: Ketan Parab <Ketan...@larsentoubro.com>; Dharmesh Shah <ddsh...@gmail.com>; Shraddha Naik <shra...@aamco.in>; cbapex <cba...@googlegroups.com>; Amit Mohare <Am...@aamco.in>; BKC <b...@aamco.in>; Jay goyal <C_jay...@larsentoubro.com>
Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

[Saish Salunkhe]

Dear Sir / Ma'am,

 

Please find Audit Report & Audited Statement attached herewith & the Links as follows:

 

1. Tower Bills & Vendor Invoices Link -

https://we.tl/t-b4tZMDEvFE

 

2. Work Order Link -

https://we.tl/t-mPplnRW1vx

 

Kindly Note the Link Expires in 3 Days (on 11th January)

Also attached - Copy of the legal opinion based on which Tower wise expenses have been allocated

--

[Shraddha Naik]

Dear Saish,

On a preliminary look, we observed the below are missing 

1. May-2021 folder is not having vendor invoices but only the tower invoices. Please share those
2. FY2020-21 electricity bills are not shared. Please share.
3. Property tax bill are required. Please share.

Also, the Tata power bills shared dont reconcile against the amounts in the excel - for some months some bills seem to be missing or some bills are not charged to the towers. I would like to understand this in detail. Let me know a good time to call you tomorrow. 

Apart from the above, I am rewriting the requirements as discussed during our call yesterday

1. Updated expenses with allocation from Aug 24 till Dec 25
2. Copy of the legal opinion based on which Tower wise expenses have been allocated 
3. Bank statements 
4. Outstanding receivable from each tower 
5. Outstanding dues to vendors 
6. Collection details from Samarth 

Thank you. 

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: Thursday, January 8, 2026 1:51 PM
To: Shraddha Naik <shra...@aamco.in>
Cc: Secretary T5 Crescent Bay <secretary...@gmail.com>; Ketan Parab <Ketan...@larsentoubro.com>; Dharmesh Shah <ddsh...@gmail.com>; cbapex <cba...@googlegroups.com>; BKC <b...@aamco.in>; Jay goyal <C_jay...@larsentoubro.com>

[Shraddha Naik]

Dear CB team,

I wanted to give you an update since we started the work last week. 

We have received invoices and work orders and have started going through the same, mapping it to the audited statement. We also had a call with Saish Salunkhe of Devshree last week. The team will need a couple of days to go through all the shared documents. We believe some documents are missing and should share the exhaustive list shortly. 

We have also requested for the below mentioned information from Devshree and would follow up with them as well  

1. Updated expenses with tower wise allocation from Aug 24 till Dec 25

1. Copy of the legal opinion based on which Tower wise expenses have been allocated 
2. Bank statements 
3. Outstanding receivable from each tower 
4. Outstanding dues to vendors 
5. Collection details from Samarth  

I will keep you posted on a weekly basis on the progress of the assignment. I would also request for a signed copy of the engagement letter for our records. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: Thursday, January 8, 2026 7:49 PM
To: Saish Salunkhe <saishs...@gmail.com>

[Shraddha Naik]

Dear Saish,

Request you to share the below required information 

1. All invoices for FY2020-21
2. JLL invoices for FY2021-22
3. All invoices for the month of May 2021
4. JLL invoices for FY2022-23 (excel sheets are provided, not invoices) 
5. Devshree invoices for all period
6. Property tax bill 
7. Other missing invoices (excel attached in this email)
8. Confirm the Tata Power consumer numbers for common area electricity bills. We have found bills for 23 consumer numbers as provided in the excel attached. 
9. Rental income bills for all period (Rakhangi)

I would also request your attention to the earlier requested info

1. Updated expenses with tower wise allocation from Aug 24 till Dec 25

1. Outstanding receivable from each tower 
2. Outstanding dues to vendors 
3. Collection details from Samarth  

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: 08 January 2026 13:51
To: Shraddha Naik <shra...@aamco.in>
Cc: Secretary T5 Crescent Bay <secretary...@gmail.com>; Ketan Parab <Ketan...@larsentoubro.com>; Dharmesh Shah <ddsh...@gmail.com>; cbapex <cba...@googlegroups.com>; BKC <b...@aamco.in>; Jay goyal <C_jay...@larsentoubro.com>

[Shraddha Naik]

Dear CB team,

Further updates on the assignment 

We have checked all the invoices from 2020 till Aug 2024. Very few are still missing - which should be shared with us shortly. 

We are awaiting for the below 

1. Updated expenses with tower wise allocation for the period Aug 24 till Dec 25

1. Bank statements 
2. Outstanding receivable from each tower 
3. Outstanding dues to vendors 

1. Collections done by Samarth  

We will keep you posted on the progress. 

Once again, we request for the signed copy of the engagement letter for our record. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 12 January 2026 20:22
To: Secretary T5 Crescent Bay <secretary...@gmail.com>; cbapex <cba...@googlegroups.com>
Cc: BKC <b...@aamco.in>

[rameshsubramanyam@gmail.com]

Jay

Can you pl expedite

Sent from Yahoo Mail for iPhone

To view this discussion visit https://groups.google.com/d/msgid/cbapex/MA5P287MB53324C09D1DF4E272679D81CB393A%40MA5P287MB5332.INDP287.PROD.OUTLOOK.COM.

[Shraddha Naik]

Dear CB team,

In the past week, we have not received any additional information or data, and therefore, there has been no further progress. We will continue to follow up on the pending information and keep you updated.

I would also like to reiterate our request for the signed engagement letter to be shared with us at the earliest.

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 26 January 2026 17:05

[Ramesh Subramanyam]

Dear Jay

Pl furnish all details post 2024 and also bank accounts to reconcile receipts and payments .  The team is stuck to this .

Get Outlook for iOS

---

From: cba...@googlegroups.com <cba...@googlegroups.com> on behalf of Shraddha Naik <shra...@aamco.in>

Sent: Monday, February 2, 2026 10:00:59 AM

To view this discussion visit https://groups.google.com/d/msgid/cbapex/MA5P287MB533254271B97F95E9A194503B39AA%40MA5P287MB5332.INDP287.PROD.OUTLOOK.COM.

[Shraddha Naik]

Dear CB team, 

Further updates on the assignment. 

This week we received the invoices for expenses till Dec 25 and the team is going through the same. 

We are awaiting for the below 

1. Bank statements 
2. Outstanding receivable from each tower 

1. Collections done by Samarth  

We will keep you posted on the progress. 

We have been requesting for the signed copy of the engagement letter for our record for some time now, please share it. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>

Sent: 26 January 2026 17:05

[Shraddha Naik]

Dear CB team,

Sharing the engagement letter with this email. Please have it signed and stamped by authorised signatory and share a copy for our records. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 14 February 2026 21:50

[Ramesh Subramanyam]

Pl sign off

Get Outlook for iOS

---

From: cba...@googlegroups.com <cba...@googlegroups.com> on behalf of Shraddha Naik <shra...@aamco.in>

Sent: Thursday, February 19, 2026 1:47:24 PM

To: Secretary T5 Crescent Bay <secretary...@gmail.com>; cbapex <cba...@googlegroups.com>

Cc: BKC <b...@aamco.in>; Ramesh Subramanyam <rameshsu...@yahoo.com>

To view this discussion visit https://groups.google.com/d/msgid/cbapex/MA5P287MB5332AAC27736E62FA5055BBFB36BA%40MA5P287MB5332.INDP287.PROD.OUTLOOK.COM.

[Shraddha Naik]

Dear CB team, 

Wishing all a very Happy Holi. 

Updates on the assignment -

We have gone through all the invoices for the expenses till Dec -25 and the missing ones or mismatches, if any have been highlighted to Devshree team. However, we still dont have the below mentioned information which is needed from L&T team

1. Bank statements 
2. Outstanding from each tower 
3. Collection details from Samarth

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 14 February 2026 21:50

[Shraddha Naik]

A gentle reminder to share the signed and stamped copy of the engagement letter. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 19 February 2026 13:47

To: Secretary T5 Crescent Bay <secretary...@gmail.com>; cbapex <cba...@googlegroups.com>

Cc: BKC <b...@aamco.in>; Ramesh Subramanyam <rameshsu...@yahoo.com>

[Shraddha Naik]

Dear CB Team,

We are in the final stages of our review.

At the start of the assignment, Devshree had shared the tower‑wise and date‑wise details of housing units, parking spaces, and other relevant data, which form the basis for allocating common area expenses to each tower. We request the CB team to kindly confirm these details in the attached spreadsheet. 

Additionally, we request you to share the tower‑wise OC/handover dates and the corresponding dates on which charging of the maintenance dues commenced. This information will help us verify the allocation of common area expenses across towers. The excel is attached for the same. 

In the meantime, we are still awaiting the following items:

• Collections details from Samarth
• A few missing invoices (to be shared by Devshree)
• Clarification on certain charges (to be explained by Devshree)

Thank you, and we look forward to your support in closing this exercise.

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 11 March 2026 19:34

[Shraddha Naik]

A gentle reminder to confirm the details. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>
Sent: 01 April 2026 17:46

[Shraddha Naik]

Dear CB team,

We take this opportunity to update you on the audit status. Since the beginning of this month, we have unfortunately not made any progress and we await the below information/ data 

1. Confirmation of the tower-wise and date-wise details for allocation of common area expenses by CB team (template attached)
2. Last few documents yet to be shared with us by Devshree
3. Clarification on certain charges by Devshree
4. Collection data from Samarth 

Look forward to your support to close the assignment at the earliest. 

Regards, 

Shraddha Naik

---

From: Shraddha Naik <shra...@aamco.in>

Sent: 01 April 2026 17:46

[Secretary T5 Crescent Bay]

Hi Shraddha,

Please take this as the formal response from Tower 5 specifically.

1a) The allocation of OC costs cannot be confirmed for the simple reason that the calculation is based on an incorrect number of flats attributed to T5. We don't recognize 298 flats and is supported by a High Court Order which has put a stay on construction of these flats in the AM areas in the T5 footprint. The number of flats of each tower and the related dependencies connected to those flats such as Number of Units, Carpet Area attributed to those flats, number of parkings, Number of Water Inlets, all have direct dependencies on the way common area charges are attributed to each tower.

1b) Furthermore, the data points used in these calculations are not backed by any third party verifiable audit but are dependent on numbers provided by LTR. Given the fact that LTR has in the past provided several numbers which are incorrect or outright false (example number of visitor parkings), they are unreliable and our position is clear that this needs to be documented by a third party auditor which includes (but is not exhaustive) for calculation of carpet area

1c) T5 through several written communications both internally to the Apex and to LTR has maintained this problem statement will remain till there is finalization of the above details. I also believe that while discussing the scope of work shared with you, this point was clearly mentioned that the calculations must have clear scenarios built out given the unknown fate of the legal dispute, both retrospectively and going forward.

I will let members of the Apex who were to lead the audit process comment on this thread with any updates or progress because without these numbers above, any allocation itself is going to be faulty, making it difficult for us to formally approve it. 

For points 2, 3, 4 - I believe the information is dependent on Devashree / Samarth so don't have insight into it. 

Regards

JAINEEL AGA
Hon. Secretary
T-5, Crescent Bay

[Shraddha Naik]

Dear CB Apex team,

Thank you for the detailed response from Tower 5 and for sharing your concerns regarding the basis of allocation of common area expenses.

We would like to clarify that, as communicated earlier, our role is limited to an independent financial review and validation of the computations and allocations based on the data, allocation logic, and allocation legal framework supported by the legal opinion provided to us by the Society / CB Apex / L&T. We do not assume the correctness of underlying assumptions unless formally finalized and shared with us.

With respect to the specific points raised by T5:

1. Number of Flats / Units attributed to Tower 5 -
   We note the concern regarding the inclusion of certain AM flats and the reference to the High Court order. At present, the allocation workings shared with us by Devshree / LTR are based on 298 units for T5.
   Since this directly impacts allocation ratios, we request the CB Apex / Society to formally confirm the finalized number of units to be considered for each tower, including alternate scenarios (with / without disputed flats) are required—both retrospectively and prospectively.
   
   
2. Reliance on data provided by LTR -
   We agree that allocation data should be clearly documented and validated. However, our verification can only proceed once the CB apex team confirms the authoritative data set (units, carpet area, parking, inlets, etc.) to be relied upon. Post which we will recompute and validate the allocations and quantify the impact of any deviations.
   
   
3. Scope and Dependencies -
   As highlighted earlier, the audit is currently held up due to pending confirmations and data, including:
   a) Final confirmation of tower-wise allocation parameters and effective dates
   b) Tower-wise OC / handover dates and maintenance charge commencement dates 
   c) Collection details from Samarth Pending invoices / clarifications from Devshree.
   
   

Without closure on the above, any allocation would remain provisional and subject to dispute.

Way forward:

For the closure of the assignment, we request the CB Apex team to please:

• Confirm the final allocation assumptions (including treatment of disputed flats), or
• Instruct defined scenarios (e.g. alternate unit counts) for us to work out.

Once we receive formal confirmation, we will proceed with recalculation, reconciliation, and submission of findings for your review.

Regards, 

Shraddha Naik 

9223501853

---

From: Secretary T5 Crescent Bay <secretary...@gmail.com>
Sent: 14 April 2026 14:28
To: Shraddha Naik <shra...@aamco.in>
Cc: cbapex <cba...@googlegroups.com>; BKC <b...@aamco.in>; Ramesh Subramanyam <rameshsu...@yahoo.com>

[Secretary T5 Crescent Bay]

Thanks Shaddha

Agree with you on all counts above. 

Two more important factors

1) Water Bills Reconciliation
2) Electricity Charges mapping of common area vis-a-vis what is charged

We had noticed some deviations in the allocation in the past and while we had raised it with LTR, we have not yet got closure on the same. Are we doing this as part of our audit exercise? 

JAINEEL AGA
Hon. Secretary
T-5, Crescent Bay

[Secretary T5 Crescent Bay]

Hi Shradhha

Can you please send me the following 

1) Data Shared by LTR for the Audit
2) Tally Ledgers of Devashree account if shared for this audit

I believe they had done it using We Transfer but I had not downloaded it then

You can send it using We Transfer please.

Regards

JAINEEL AGA
Hon. Secretary
T-5, Crescent Bay

[rameshsubramanyam@yahoo.com]

Shraddha has been asking for a meeting. Can we do that meeting today or tomorrow?

[Shraddha Naik]

Hello,

As requested, I have shared all the files provided to us for the audit via we transfer. The link to the same is https://we.tl/t-Z2LpXCVHmoNBXB1f

 

Regards, 

Shraddha Naik

---

From: Secretary T5 Crescent Bay <secretary...@gmail.com>
Sent: 09 May 2026 02:28

[Rajiv Sabnis]

This link has expired. Request to resend another link please. Apologies for the inconvenience.

Regards,

Rajiv Sabnis

To view this discussion visit https://groups.google.com/d/msgid/cbapex/PN4P287MB53373095F7E9F484704F1238B33A2%40PN4P287MB5337.INDP287.PROD.OUTLOOK.COM.

[rameshsubramanyam@gmail.com]

We need a call with shraddha to understand key observations. Can we do on Thursday evening 730

Sent from Yahoo Mail for iPhone

To view this discussion visit https://groups.google.com/d/msgid/cbapex/CAAJzVj36nLsu5ZOFQz%2BM5qr2tt%3DK15ChSo%3DPbr6fkvL7NESHsw%40mail.gmail.com.

[Shraddha Naik]

Hi, 

I have resend the link as requested. You can access it from here too https://we.tl/t-zu0YpXtXPVBqeLhM

Requesting for a meeting share the findings during the audit.  

 

Regards, 

Shraddha Naik

---

From: Rajiv Sabnis <rajiv...@gmail.com>
Sent: 12 May 2026 17:13
To: Shraddha Naik <shra...@aamco.in>
Cc: Secretary T5 Crescent Bay <secretary...@gmail.com>; cbapex <cba...@googlegroups.com>; BKC <b...@aamco.in>; Ramesh Subramanyam <rameshsu...@yahoo.com>

[Rajiv Sabnis]

Hi Shraddha,

Is there a Management Summary of the Financial Audit. With clear next action points. I didn't see that in the folder, hence asking.

Regards,

Rajiv Sabnis

[Shraddha Naik]

Dear Mr Sabnis,

The Management Summary outlining the key audit observations is currently under preparation. Since early April we have been requesting certain critical information, confirmations, and clarifications from the relevant stakeholders, without which the audit cannot be formally concluded. Accordingly, we propose to share the complete Management Summary once these dependencies are formally closed. 

Given the extended timelines and the need to conclude the audit at the earliest, we would be happy to walk the Apex team through the findings and emerging trend from our work to date, along with the outstanding dependencies that require closure. Subject to availability, we can schedule a meeting to discuss this and align on the way forward and timelines for closure.

Please let us know your availability for a discussion.

Regards, 

Shraddha Naik

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From: Rajiv Sabnis <rajiv...@gmail.com>
Sent: Wednesday, May 13, 2026 16:41

[Shraddha Naik]

Dear CB Apex team, 

Please find a short presentation on the key audit findings till date and next steps. 

We once again bring to your notice the points pending for completing the assignment

1. Confirmation of the tower-wise and date-wise details for allocation of common area expenses by CB team (template attached)
2. Last few documents yet to be shared with us by Devshree
3. Clarification on certain charges by Devshree
4. Collection data from Samarth 

Request your attention to this matter. 

Regards, 

Shraddha Naik

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From: Shraddha Naik <shra...@aamco.in>
Sent: 13 May 2026 17:45
To: Rajiv Sabnis <rajiv...@gmail.com>

[Shraddha Naik]

Request all to refer to the attached updated presentation for the call today. 

Regards, 

Shraddha Naik

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From: Shraddha Naik <shra...@aamco.in>
Sent: 18 May 2026 11:40
To: Ramesh Subramanyam <rameshsu...@yahoo.com>; Rajiv Sabnis <rajiv...@gmail.com>; Secretary T5 Crescent Bay <secretary...@gmail.com>; cbapex <cba...@googlegroups.com>

[Shraddha Naik]

Dear Dharmesh,

The list of pending documents and explanations shared with Devshree is attached here. It was shared with Devshree on 2^nd April. 

Regards, 

Shraddha Naik

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From: BKC <b...@aamco.in>
Sent: 02 April 2026 13:05
To: Saish Salunkhe <saishs...@gmail.com>
Cc: Shraddha Naik <shra...@aamco.in>

Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Dear Sir, 

The final list of documents required is attached. 

 Thank you

Accounting team

A.A. Mohare 

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From: Saish Salunkhe <saishs...@gmail.com>
Sent: Thursday, March 12, 2026 2:08 PM
To: BKC <b...@aamco.in>
Cc: Shraddha Naik <shra...@aamco.in>

Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Hi Shraddha Ma'am,

Please find the Towerwise O/s. & Bank Statement attached herewith.

On Wed, 11 Mar 2026 at 17:12, BKC <b...@aamco.in> wrote:

Dear sir,

Please share the missing invoices as per the email dated 27^th Feb and 10^th Mar at the earliest.  

Thank you

Accounting team

A.A. Mohare 

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From: Shraddha Naik <shra...@aamco.in>
Sent: Friday, February 27, 2026 5:03 PM
To: Saish Salunkhe <saishs...@gmail.com>

Cc: BKC <b...@aamco.in>
Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Dear Saish,

I am sharing the excel sheet that we discussed today. 

It has the list of missing invoices and the details on allocation.

Additionally, request you to share 

1. Bank statements 
2. Outstanding receivable from each tower 

  

Regards, 

Shraddha Naik

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From: Saish Salunkhe <saishs...@gmail.com>
Sent: 05 February 2026 17:09
To: Shraddha Naik <shra...@aamco.in>

Cc: BKC <b...@aamco.in>
Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Hello

4 PM okay

Thanks & Regards

Proprietor

Saaish Sallunkhe.

Devshree Corporate Solution.

Contact : 9029001474

On Thu, 5 Feb, 2026, 4:43 pm Shraddha Naik, <shra...@aamco.in> wrote:

Dear Saish, 

Does 2 pm tomorrow suit you or 4 pm? 

Regards, 

Shraddha Naik

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From: Saish Salunkhe <saishs...@gmail.com>
Sent: 05 February 2026 13:14
To: Shraddha Naik <shra...@aamco.in>

Cc: BKC <b...@aamco.in>
Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Hello Shraddha Ma'am,

Please find the Link of Invoices - https://we.tl/t-OtHY4cMeGA

Data from Sept'25 to Dec'25 - https://we.tl/t-wNJAoWR56k

Vendor O/s as on 04.02.2026 attached herewith.

Due to an emergency, I won't be available today for a call. Let me tomorrow at what time possible for you to connect. 

On Thu, 5 Feb 2026 at 12:11, Shraddha Naik <shra...@aamco.in> wrote:

Dear Saish,

When can we schedule our call?

Also, I did not receive any data from your team. Can you check if they have shared it?

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: 03 February 2026 16:47
To: Shraddha Naik <shra...@aamco.in>

Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Okay Ma'am. Noted

On Tue, 3 Feb 2026 at 16:46, Shraddha Naik <shra...@aamco.in> wrote:

Dear Saish,

Can we do the call at 12.30 pm tomorrow instead?

I have some other commitment till 12 pm 

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: 03 February 2026 16:13
To: Shraddha Naik <shra...@aamco.in>

Subject: Re: [CB-Apex-Communication] RE: Financial audit of common area account

 

Hello Shraddha Ma'am,

Can we schedule a call for tomorrow, around 12 PM,

I have arranged the data related to missing Invoices, Tower Billing Data Till Dec'25 & Vendor O/s as on 31-01-2026.

On Sat, 17 Jan 2026 at 10:10, Shraddha Naik <shra...@aamco.in> wrote:

Dear Saish,

Request you to share the below required information 

1. All invoices for FY2020-21
2. JLL invoices for FY2021-22
3. All invoices for the month of May 2021
4. JLL invoices for FY2022-23 (excel sheets are provided, not invoices) 
5. Devshree invoices for all period
6. Property tax bill 
7. Other missing invoices (excel attached in this email)
8. Confirm the Tata Power consumer numbers for common area electricity bills. We have found bills for 23 consumer numbers as provided in the excel attached. 
9. Rental income bills for all period (Rakhangi)

I would also request your attention to the earlier requested info

1. Updated expenses with tower wise allocation from Aug 24 till Dec 25

1. Outstanding receivable from each tower 
2. Outstanding dues to vendors 
3. Collection details from Samarth  

Regards, 

Shraddha Naik

---

From: Saish Salunkhe <saishs...@gmail.com>
Sent: 08 January 2026 13:51

[Shraddha Naik]

Dear all,

Sharing a short MOM (minutes of the meeting)  

Discussion

• Power point presentation of AAMCO on the assignment discussed
• Correction on slide 4 to be done and additional information to be provided on slide 6 
• CB apex team agreed to provide/ arrange to provide the required information and explanation for completing the review
• CB apex team to connect with Devshree to push for providing the requested information 
• CB apex team and AAMCO agreed to close the Review in the next 2 weeks 
• Engagement Letter to be signed off  

Details to be provided 

• Tower wise hand over dates to be provided to AAMCO
• Tower wise audit report to be provided to AAMCO
• Devshree to be contacted for the pending information and supporting documents 
• Agreements with Rakhangi, Avame and the cafeteria to be provided to AAMCO

  

Points to be noted for the Review 

• Tower wise details (i.e. housing units, carpet area, etc) as provided by Devshree/LTR, although provisional, is to be considered as is for the purpose of this review
• Escrow Account was not exclusively for CB, LTR deposits for other projects could be a part of it.  

Regards, 

Shraddha Naik

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From: Shraddha Naik <shra...@aamco.in>
Sent: 10 June 2026 09:07
To: Dharmesh Shah <ddsh...@gmail.com>
Cc: cbapex <cba...@googlegroups.com>; Secretary T5 Crescent Bay <secretary...@gmail.com>; BKC <b...@aamco.in>
Subject: Fw: [CB-Apex-Communication] RE: Financial audit of common area account