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IGC Pharma, Inc. Director's Dealing 2009

May 18, 2009

34705_dirs_2009-05-18_6a6e17c0-08dc-46a8-9bec-926da19ab9e7.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: India Globalization Capital, Inc. (IGC)
CIK: 0001326205
Period of Report: 2009-05-15

Reporting Person: PRINS RICHARD K (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-05-13 ESOP (right to buy) $1 A 125000 Acquired 2014-05-13 Common Stock (125000) Direct

Footnotes

F1: The derivative securities include an option to purchase 71,250 units at $7.50 each. The Unit consists of one share of common stock and two warrants exercisable at $6.50 per warrant. The option expires on March 2, 2012.