Full Press Release Details
Chief Executive Officer and President
India Globalization Capital, Inc.
INDIA GLOBALIZATION CAPITAL, INC.
ANNOUNCES SEPARATE TRADING OF COMMON STOCK AND WARRANTS
BETHESDA, Maryland, April 4, 2006 India Globalization Capital, Inc. (the Company ) (AMEX: IGC.U)
today announced that it has been notified by Ferris, Baker Watts Incorporated, the lead managing
underwriter for its initial public offering which was consummated on March 8, 2006, that commencing
on April 13, 2006 there will be a voluntary separation of the Company s units. At the open of the
market, the holders of the Company s units may separately trade the common stock and warrants
included in such units. The symbols for the common stock, warrants and units are IGC,
IGC.WS, and IGC.U, respectively.
India Globalization Capital, Inc. is a blank check company recently formed for the purpose of
acquiring, through a merger, capital stock exchange, asset acquisition or other similar business
combination, one or more operating businesses with primary operations in India.
Any statements contained in this press release that do not describe historical facts may constitute
forward-looking statements as that term is defined by the United States Private Securities
Litigation Reform Act of 1995. Any such forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and uncertainties that may cause actual
results to differ materially from expectations such as material adverse events affecting the
Company, the ability of the Company to satisfy the conditions to completion of the business
combination and those other risks and uncertainties detailed in the Company s filings with the
Securities and Exchange Commission.