McDowell Holdings Limited announced that the current term of Mr. Manmohan Singh Kapur as an Independent Director of the Company has expired on 28th September, 2019 and he has expressed his desire to retire from the Board and do not seek re--appointment for another term due to personal reasons. In view of the above, please note that upon completion of the term Mr. Manmohan Singh Kapur, has ceased hold office of a Director of the Company with effect from 28th September, 2019 (end of the day).