FAIRGROWTH SERVICES PVT (2)
FAIRGROWTH SERVICES PVT (2)
FAIRGROWTH SERVICES PVT (2)
Draft a Notice and Minutes of the Meeting from the following agenda of third quarter
review meeting of Fair Growth Services Pvt. Ltd.
7TH October,2024
The third quarter review meeting will be held at 10.00 a.m on Monday, 14 th October,2024
(Notice is hereby issued that the third quarter review meeting of the members is scheduled be
held at 8.00 am on Monday, 14th October, 2024 in Sanket Auditorium)
Sd/-
Ranjan Mistry
Executive Secretary
FAIRGROWTH SERVICES PVT.LTD.
NAVI MUMBAI – 400705
www.fairgrowth.com
th
18 October,2024
Special Invitees
Mr. A.P.Verma, Financail Advisor, xyz consultants
Mr.P.D.Jone, Legal Advisor
Members Absent
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The following points were discussed during the meeting.
(Members took on the record the following points)
3.01 The chairman informed that the minutes of the second quarter review meeting was duly
circulated and have been approved by the members and therefore taken as confirmed.
3.02 The chairman brought to the notice of the members that the accounts of the 2022-23
have been placed and explained. He explained that while operating income has increased
by 5%, Rs. 1260 crores and the operating expenditure has increased by 10% , Rs.770 crores
mainly on account of increasing fuel and power cost which was beyond the control of the
company. Taking into account other income and expenditure the profits stands at Rs.60
crores which is all time high. He congratulated and assured the members that all the efforts
will be made to curtail costs and improve profitability.
3.03 As members are aware the agents from Maharashtra region are covering Goa region.
Now members felt that there was a need to have separate agent in Goa for strengthening
our brand and operations as the region is giving reasonable good margins and there is a
scope to increase the same.
3.04 Members took on records that to have a better exposure in overseas markets. It has
been decided to participate in ITF, Dubai to be held between 3.3.25 and 20.3.25 to have
wide publicity to our product. The proposal would be moved by the department of MIS and
approved by the committee consisting of heads of fianance, sales and Marketing
Department.
While deliberating it was felt that the proposal could be differed to next financial year by
which time newer products would have come into the market with better features.
3.05 The chairman felt the need to hold a personality development program. Mr.------ would
work out the logistics and inform the chairman accordingly. The chairman has requested all
the members to bring to the notice of Mr.---------- about effective Personality Development
Consultants.
3.06 (No point was discussed further) One of the director suggested that a toll free number
should be made available recording customer complaints. The chairman welcomed the
suggestion and directed the MIS dept. to implement the same at shortest possible time.
Meeting ended with the vote of thanks to the chairman and the members present.
Sd/
Mr.R.K. Modi,
MD