<SEC-DOCUMENT>0001185185-24-000267.txt : 20240318
<SEC-HEADER>0001185185-24-000267.hdr.sgml : 20240318
<ACCEPTANCE-DATETIME>20240318155207
ACCESSION NUMBER:		0001185185-24-000267
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240313
FILED AS OF DATE:		20240318
DATE AS OF CHANGE:		20240318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MUKUNDA RAM
		CENTRAL INDEX KEY:			0001047575
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32830
		FILM NUMBER:		24758853

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IGC Pharma, Inc.
		CENTRAL INDEX KEY:			0001326205
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		IRS NUMBER:				202760393
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		10224 FALLS ROAD
		CITY:			POTOMAC
		STATE:			MD
		ZIP:			20854
		BUSINESS PHONE:		301-983-0998

	MAIL ADDRESS:	
		STREET 1:		10224 FALLS ROAD
		CITY:			POTOMAC
		STATE:			MD
		ZIP:			20854

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	India Globalization Capital, Inc.
		DATE OF NAME CHANGE:	20050505
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>BY SPOUSE</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022.</footnote>
        <footnote id="F2">On May 25, 2022, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2023.</footnote>
        <footnote id="F3">Gift of shares of the Company's common stock to the reporting person's children who do not share the reporting person's household.</footnote>
        <footnote id="F4">On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024.</footnote>
        <footnote id="F5">On June 20, 2023, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved. One milestone (156,750) was achieved, and one milestone (156,750) was not achieved.</footnote>
        <footnote id="F6">Each restricted stock unit represents a right to receive one share of IGC common stock.</footnote>
        <footnote id="F7">On March 13, 2024, the Reporting Person was granted options exercisable at $0.26, vesting over three years starting in March 2025.</footnote>
        <footnote id="F8">On March 13, 2024, the Reporting Person was granted options exercisable at $0.26 vesting at the time that certain milestones set by the Board of Directors are achieved.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ram Mukunda</signatureName>
        <signatureDate>2024-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
