IGC Pharma, Inc. — Director's Dealing 2008

Oct 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: India Globalization Capital, Inc. (IGC)
CIK: 0001326205
Period of Report: 2008-09-30

Reporting Person: Oliveira Steven Michael (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-30	Common Stock	P	200000	—	Acquired	2157973	Indirect

Footnotes

F1: The shares of common stock, par value $0.0001 per share, of India Globalization Capital, Inc. were issued to the Steven M.
Oliveira 1998 Charitable Remainder Unitrust (the "Trust") as consideration and in connection with a $2,000,000 loan made by
the Trust pursuant to the Note and Share Purchase Agreement by and between the Company and the Trust dated as of September
30, 2008.

F2: Owned indirectly by Oliveira Capital, LLC, of which Mr. Oliveira is the sole Managing Member and the Steven M. Oliveira 1998
Charitable Remainder Unitrust, of which Mr. Oliveira is trustee.