Filing Details

 

 

The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1.

Security and Issuer.

 

This statement relates to the common stock, par value $0.0001 per share (the “Shares”), of India Globalization Capital, Inc. (the “Issuer”).  The address of the principal executive offices of the Issuer is 4336 Montgomery Ave., Bethesda, Maryland 20814.

 

Item 2.

Identity and Background.

 

(a)          This statement is filed by Ram Mukunda.

 

(b)          The address of the principal office of Mr. Mukunda is c/o India Globalization Capital, Inc., 4336 Montgomery Ave., Bethesda, Maryland 20814.

 

(c)          Mr. Mukunda’s principal occupation is serving as the Chairman, President and Chief Executive Officer of the Issuer.

 

(d)          Mr. Mukunda has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)          Mr. Mukunda has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f)           Mr. Mukunda is a citizen of the United States of America.

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

Mr. Mukunda acquired (i) 569,994 Shares owned by him pursuant to the Issuer’s 2008 Omnibus Incentive Plan. Mr. Mukunda previously owned 2,026,950 Shares and may also be deemed to beneficially own 792,289 Shares held directly by his spouse and 400 Shares held jointly.

 

Item 4.

Purpose of Transaction.

 

Mr. Mukunda acquired the Shares as described in Item 3 herein.

 

Mr. Mukunda has no present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. Mr. Mukunda intends to review his investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, Mr. Mukunda may in the future take such actions with respect to his investment in the Issuer as he may deem appropriate, including, without limitation, purchasing additional Shares or selling some or all of his Shares and, alone or with others, pursuing discussions with the management, the board of directors, other stockholders of the Issuer and third parties with regard to his investment in the Issuer, and/or changing his intention with respect to any and all matters referred to in Item 4.

 

Item 5.

Interest in Securities of the Issuer.

 

(a)          The aggregate percentage of Shares reported owned by each person named herein is based upon 24,272,667 Shares outstanding as of April 4, 2017, which is the total number of Shares outstanding as reported in the Issuer’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 4, 2017.

 

As of the close of business on April 4, 2017, Mr. Mukunda beneficially owned 3,389,633 Shares, constituting approximately 13.96% of the outstanding Shares.

 

(b)          Mr. Mukunda has the sole power to vote or direct the vote of and to dispose or direct the disposition of the 3,389,633 Shares held by Mr. Mukunda, which includes 792,289 Shares directly owned by Mr. Mukunda’s spouse and 400 shares held jointly.

 

(c)          The transactions in the Shares by Mr. Mukunda during the past 60 days are set forth in Schedule A and are incorporated herein by reference.

 

(d)          No person other than Mr. Mukunda is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

 

(e)          Not applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Other than as described herein, there are no contracts, arrangements, understandings or relationships between Mr. Mukunda and any other person, with respect to the securities of the Issuer.

 

Item 7.

Material to be Filed as Exhibits.

 

None.

 

 

 

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated:  May 12, 2017