McDowell Holdings Ltd: Allotment of 10% Optionally Convertible Debentures by the Company

McDowell Holdings Ltd has informed BSE that, following the receipt of the approval of the shareholders pursuant to Section 81 (1A) of the Companies Act 1956, at their Extraordinary General Meeting (EGM) held on March 25, 2011, the Committee of Directors of the Company, at its meeting held on March 25, 2011, after the EGM, has allotted 17,51,290 (seventeen lakhs fifty one thousand two hundred and ninety), 10% Optionally Convertible Debentures of the face value of Rs. 100/- (Rupees one hundred only) each, to Kingfisher Finvest India Limited, one of the promoters of the Company.