The Board of Directors of India Globalization Capital Inc. appointed former Congressman Jim Moran (“Congressman Moran”) to serve on the Board as a Class C director. Congressman Moran will serve as an independent Class C director until the Company's 2022 annual meeting of stockholders or upon the election and qualification of successor directors, his earlier death, resignation, or removal. At the 2022 stockholders meeting, the Company plans to nominate him for election, and, if elected, he will serve for three years until the 2025 annual meeting.

Based on the director independence listing standards of the New York Stock Exchange and the Company's Corporate Governance Guidelines, the Board affirmatively determined that Congressman Moran is independent.