Summary of INDIA GLOBALIZATION CAPITAL, INC.

Item 1.01. Entry into a Material Definitive Agreement.

ATM Agency Agreement

On October 13, 2009, India Globalization Capital, Inc. (the "Company") entered into an ATM Agency Agreement (the "Agreement") with Enclave Capital LLC ("Enclave"). Pursuant to the terms of the Agreement, the Company may offer and sell shares of common stock, par value $0.0001 per share (the "Shares") having aggregate gross proceeds of up to $4 million from time to time through Enclave, as its sales agent. Sales of the Shares, if any, would be made by means of ordinary brokers' transactions on the NYSE Amex at market prices, privately negotiated transactions, crosses or block transactions and such other transactions as may be agreed between the Company and Enclave, including a combination of any of these transactions. Enclave will receive from the Company a commission equal to 3% of the gross sales price per share of the Shares sold through it as sales agent under the Agreement.

The Shares are registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the Company's shelf registration statement (the "Registration Statement") on Form S-3 (File No. 333-160993), which became effective on September 10, 2009.

The Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K, and the description of the Agreement is qualified in its entirety by reference to such exhibit. For a more detailed description of the Agreement, see the disclosure under the caption "Plan of Distribution" contained in the Company's prospectus supplement dated October 13, 2009 to the prospectus dated September 16, 2009, which has been filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b) under the Securities Act, which disclosure is hereby incorporated by reference. The Agreement is also filed with reference to, and is hereby incorporated by reference into, the Registration Statement.

It is anticipated that Enclave will provide various investment banking, financial advisory and other services to us and our affiliates for which services it may receive customary fees.

A copy of the opinion of Seyfarth Shaw LLP, relating to the legality of the Shares, is filed as Exhibit 5.1 to this Current Report and is filed with reference to, and is hereby incorporated by reference into, the Registration Statement.