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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

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**FORM      10-KSB/A**

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**(AMENDMENT      NO. 1)**

|   |   |                                                                                                                   |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|
| þ |   | **Annual                report under Section 13 or 15(d) of the Securities Exchange Act of                1934.** |
|   |   | **For                the fiscal year ended March 31,                2007**                                        |

| o |   | **Transition                report under Section 13 or 15(d) of the Exchange                Act.** |
|---|--------|---------------------------------------------------------------------------------------------------------|

**Commission      file number 000-1326205**

**INDIA      GLOBALIZATION CAPITAL, INC.**

| **Maryland****(State                or other jurisdiction of incorporation or                organization)** |   | **20-2760393****(I.R.S.                Employer Identification                No.)** |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|

**4336      Montgomery Ave. Bethesda, Maryland 20814**

**(301) 983-0998**

|  **Title                of Each Class**                       |   |  **Name                of exchange on which registered** |
|--------------------------------------------------------------------|--------|---------------------------------------------------------------|
| Units,                each consisting of one share of Common Stock |   | American                Stock Exchange                        |
| and                two Warrants                                    |   |                                                          |
| Common                Stock                                        |   | American                Stock Exchange                        |
| Common                Stock Purchase Warrants                      |   | American                Stock Exchange                        |

**None.**

**None.**

**None.**

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**Explanatory      Statement**

**PART      III**

**Item      9.  Directors, Executive Officers, Promoters and      Control Persons; Compliance with Section 16(a) of the Exchange      Act**

| **Name**                                        |   | **Age** |   |   | **Position** |
|-------------------------------------------------|--------|---------|--------|--------|--------------|
| Dr. Ranga                Krishna           |   |    | 43     |   |         | Chairman                of the Board |
| Ram                Mukunda                      |   |    | 48     |   |         | Chief                Executive Officer, President and Director |
| John                B. Selvaraj                 |   |    | 63     |   |         | Treasurer |
| Sudhakar                Shenoy                  |   |    | 59     |   |         | Director |
| Suhail                Nathani                   |   |    | 42     |   |         | Director |
| Richard                Prins                    |   |    | 50     |   |         | Director |
| Larry                Pressler                   |   |    | 64     |   |         | Special                Advisor |
| P.G.                Kakodkar                    |   |    | 70     |   |         | Special                Advisor |
| Shakti                Sinha                     |   |    | 49     |   |         | Special                Advisor |
| Dr. Prabuddha                Ganguli  |   |    | 57     |   |         | Special                Advisor |
| Dr. Anil                K. Gupta           |   |    | 56     |   |         | Special                Advisor |

*Dr. Ranga      Krishna*

*Ram      Mukunda*

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*John      B. Selvaraj *

*Sudhakar      Shenoy*

*Suhail      Nathani*

*Richard      Prins*

*Senator      Larry Pressler*

*P. G. Kakodkar*

*Shakti      Sinha*

*Dr. Prabuddha      Ganguli*

*Dr. Anil      K. Gupta*

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**Terms      of the Board of Directors**

**Board      of Directors – Committees**

**Audit      Committee Financial Expert**

**Section      16(a) Beneficial Ownership Reporting Compliance**

**Code      of Conduct and Ethics**

**Item      10.  Executive Compensation**

***.***

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**Director      Compensation**

**Item      11.  Security Ownership of Certain Beneficial Owners      and Management and Related Stockholder Matters**

| ·   | each                person known by us to be the beneficial owner of more than 5% of                our                outstanding shares of common stock; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | each                of our executive officers, directors and our special                advisors; and |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | all                of our officers and directors as a                group. |
|--------------------|-----------------------------------------------------------------------------|

|    **Name                    and Address of Beneficial Owner (1)** | **Number                    of****Shares                    of****Common                    Stock****Owned                    (2)** | **Percent                    of****Common****Stock                    Owned** |
|-----------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|
| Ranga                    Krishna                                                  | 350,000                                                                                                                             | 2.5%                                                                          |
| Ram                    Mukunda                                                    | 1,675,000                    (3)                                                                                                    | 11.99%                                                                        |
| Sudhakar                    Shenoy                                                | 50,000                                                                                                                              | *                                                                             |
| Suhail                    Nathani                                                 | 50,000                                                                                                                              | *                                                                             |
| Larry                    Pressler                                                 | 25,000                                                                                                                              | *                                                                             |
| P.G.                    Kakodkar                                                  | 12,500                                                                                                                              | *                                                                             |
| Shakti                    Sinha                                                   | 12,500                                                                                                                              | *                                                                             |
| Dr. Prabuddha                    Ganguli                                     | 12,500                                                                                                                              | *                                                                             |
| Dr. Anil                    K. Gupta                                         | 25,000                                                                                                                              | *                                                                             |
| The                    Baupost Group, L.L.C.                                      | 1,066,800(4)                                                                                                                        | 7.6%                                                                          |
| Fir                    Tree, Inc.                                                 | 1,383,000(5)                                                                                                                        | 9.9%                                                                          |
| HBK                    Investments L.P.                                           | 1,075,695(6)                                                                                                                        | 7.7%                                                                          |
| D.B.                    Zwirn & Co., L.P.                                     | 1,271,700(7)                                                                                                                        | 9.10%                                                                         |
| Executive                    officers and directors (4 persons)                   | 2,125,000                                                                                                                           | 15.21%                                                                        |

**Less        than 1%*

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| (1)        | Unless                otherwise noted, the business address of each of the shareholders                is 4336                Montgomery Avenue, Bethesda, Maryland, 20814.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (2)        | Unless                otherwise noted, the nature of the ownership is common stock of the                Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (3)        | Includes                425,000 shares owned by Mr. Mukunda’s wife, Parveen                Mukunda.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (4)        | Based                  on a Schedule 13G jointly filed with the SEC on February 13, 2007                  by The                  Baupost Group, L.L.C. (“Baupost”), SAK Corporation and Seth A.                  Klarman.  SAK Corporation is the Manager of Baupost, a                  registered investment adviser. Seth A. Klarman, as the sole Director                  of                  SAK Corporation and a controlling person of Baupost, may be deemed                  to have                  beneficial ownership of the securities benefically owned by Baupost.                  The                  securities reported as being beneficially owned by Baupost include                  securities purchased on behalf of various investment limited partnerships.                  The address for each of the foregoing parties is 10 St. James Avenue,                  Suite 2000, Boston, Massachusetts 02116.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (5)   | Based                on an amended Schedule 13G jointly filed with the SEC on February                14, 2007                by Sapling, LLC (“Sapling”), Fir Tree Recovery Master Fund, L.P (“Fir Tree                Recovery”) and Fir Tree, Inc. (“Fir Tree”).  Fir Tree is the                investment manager of Sapling and Fir Tree Recovery. As disclosed                in the                amended Schedule 13G, Sapling and Fir Tree Recovery are the beneficial                owners of 969,378 shares of common stock (6.9%) and 413,622 shares                of                common stock (3%), respectively.  Fir Tree may be deemed to                beneficially own all of the shares held by Sapling and Fir Tree Recovery                (1,383,000 shares) as a result of being the investment manager of                Sapling                and Fir Tree Recovery.  The address for each of the foregoing                parties is 4336 Montgomery Avenue, Bethesda, Maryland                20814.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (6)             | Based                on a Schedule 13G jointly filed with the SEC on June 15, 2007 by                HBK                Investments L.P., HBK Services LLC, HBK Partners II L.P., HBK Management                LLC, and HBK Master Fund L.P. (collectively, “HBK”).  The                address for HBK is 300 Crescent Court, Suite 799, Dallas, Texas                75201.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (7)             | Based                on a Schedule 13G jointly filed with the SEC on September 27, 2006                by  D..B. Zwirn & Co., L.P., HCM/Z Special                Opportunities LLC, D.B. Zwirn Special Opportunities Fund, Ltd., D.B.                Zwirn                Special Opportunities Fund, L.P., DBZ GP, LLC, Zwirn Holdings, LLC,                and                Daniel B. Zwirn, each of which may be deemed the beneficial owner                of                (i) 409,902 shares of common stock (2.93%) owned by D.B. Zwirn                Special Opportunities Fund, L.P., (ii) 725,898 shares of common                stock  (5.19%) owned by D.B. Zwirn Special Opportunities Fund,                Ltd. and (iii) 135,000 shares of common stock (0.97%) owned by                HCM/Z Special Opportunities, LLC (each entity referred to in                (i) through (iii) is herein referred to as a “Fund” and,                collectively, as the “Funds”). D.B. Zwirn & Co., L.P. is the                manager of each of the Funds, and consequently has voting control                and                investment discretion over the common stock held by each of the Funds.                Daniel B. Zwirn is the managing member of an thereby controls, Zwirn                Holdings, LLC, which in turn is the managing member of and thereby                controls D.B. Zwirn & Co., L.P. The address of each D.B.                Zwirn & Co., L.P., DBZ GP, LLC, Zwirn Holdings, LLC, and Daniel                B. Zwirn is 745 Fifth Avenue, 18th Floor, New York, NY                10151. |

**Securities        Authorized for Issuance Under Equity Compensation        Plans**

**Item      12.  Certain Relationships and Related Transactions,      and Director Independence**

*i.e., *

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**Item 13.  Exhibits**

| **Exhibit                  No.** |   |  **Description**                                                                                                                                                                                                                                                              |
|----------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                              |   | Amended                  and Restated Articles of Incorporation.(1)                                                                                                                                                                                                                |
| 3.2                              |   | By-laws.(2)                                                                                                                                                                                                                                                                        |
| 4.1                              |   | Specimen                  Unit Certificate.(3)                                                                                                                                                                                                                                     |
| 4.2                              |   | Specimen                  Common Stock Certificate.(3)                                                                                                                                                                                                                             |
| 4.3                              |   | Specimen                  Warrant Certificate.(3)                                                                                                                                                                                                                                  |
| 4.4                              |   | Form                  of Warrant Agreement between Continental Stock Transfer & Trust                  Company and the Registrant.(1)                                                                                                                                          |
| 4.5                              |   | Form                  of Purchase Option to be granted to the                  Representative.(1)                                                                                                                                                                                  |
| 10.1                             |   | Amended                  and Restated Letter Agreement between the Registrant, Ferris, Baker                  Watts,                  Inc. and Ram Mukunda.(4)                                                                                                                     |
| 10.2                             |   | Amended                  and Restated Letter Agreement between the Registrant, Ferris, Baker                  Watts,                  Inc. and John Cherin.(4)                                                                                                                     |
| 10.3                             |   | Amended                  and Restated Letter Agreement between the Registrant, Ferris, Baker                  Watts,                  Inc. and Ranga Krishna.(4)                                                                                                                   |
| 10.4                             |   | Form                  of Investment Management Trust Agreement between Continental Stock                  Transfer & Trust Company and the Registrant.(5)                                                                                                                      |
| 10.5                             |   | Promissory                  Note issued by the Registrant to Ram Mukunda.(2)                                                                                                                                                                                                       |
| 10.5.1                           |   | Extension                  of Due Date of Promissory Note issued to Ram                  Mukunda.(2)                                                                                                                                                                               |
| 10.6                             |   | Form                  of Stock and Unit Escrow Agreement among the Registrant, Ram Mukunda,                  John                  Cherin and Continental Stock Transfer & Trust                  Company.(2)                                                                  |
| 10.7                             |   | Form                  of Registration Rights Agreement among the Registrant and each                  of the                  existing stockholders.(3)                                                                                                                            |
| 10.8                             |   | Form                  of Unit Purchase Agreement among Ferris, Baker Watts, Inc. and                  one or more                  of the Initial Stockholders.(5)                                                                                                                 |
| 10.9                             |   | Form                  of Office Service Agreement between the Registrant and Integrated                  Global                  Networks, LLC.(5)                                                                                                                                 |
| 10.10                            |   | Amended                  and Restated Letter Advisory Agreement between the Registrant,                  Ferris,                  Baker Watts, Inc. and SG Americas Securities, LLC.(5)                                                                                            |
| 10.11                            |   | Form                  of Letter Agreement between Ferris, Baker Watts, Inc. and certain                  officers                  and directors of the Registrant.(4)                                                                                                             |
| 10.12                            |   | Form                  of Letter Agreement between Ferris, Baker Watts, Inc. and each                  of the                  Special Advisors of the Registrant.(4)                                                                                                               |
| 10.13                            |   | Form                  of Letter Agreement between the Registrant and certain officers                  and                  directors of the Registrant.(4)                                                                                                                        |
| 10.14                            |   | Form                  of Letter Agreement between the Registrant and each of the Special                  Advisors of the Registrant.(4)                                                                                                                                           |
| 10.15                            |   | Promissory                  Note issued by the Registrant to Ranga Krishna.(2)                                                                                                                                                                                                     |
| 10.15.1                          |   | Extension                  of Due Date of Promissory Note issued to Ranga                  Krishna.(2)                                                                                                                                                                             |
| 10.16                            |   | Form                  of Promissory Note to be issued by the Registrant to Ranga                  Krishna.(2)                                                                                                                                                                      |
| 10.17                            |   | Share                  Subscription Cum Purchase Agreement dated February 2, 2007 by and                  among India Globalization Capital, Inc., MBL Infrastructures Limited                  and                  the persons “named as Promoters therein”.(6) |
| 10.18                            |   | Debenture                  Subscription Agreement dated February 2, 2007 by and among India                  Globalization Capital, Inc., MBL Infrastructures Limited and the                  persons                  named as Promoters therein.  (6)            |
| 10.19                            |   | Note                  and Warrant Purchase Agreement dated February 5, 2007 by and among                  India Globalization Capital, Inc. and Oliviera Capital,                  LLC.(6)                                                                                    |
| 10.20                            |   | Promissory                  Note dated February 5, 2007 in the initial principal amount for                  $3,000,000 issued by India Globalization Capital, Inc. to Oliviera                  Capital, LLC.(6)                                                             |
| 10.21                            |   | Warrant                  to Purchase Shares of Common Stock of India Globalization Capital,                  Inc.                  issued by India Globalization Capital, Inc. to Oliviera Capital,                  LLC.(6)                                                       |
| 10.22                            |   | First                  Amendment to Share Subscription Cum Purchase Agreement dated February                  2,                  2007 by and among India Globalization Capital, Inc., MBL Infrastructures                  Limited and the persons named as Promoters therein.(7) |
| 10.23                            |   | First                  Amendment to the Debenture Subscription Agreement dated February                  2, 2007                  by and among India Globalization Capital, Inc., MBL Infrastructures                  Limited and the persons named as Promoters therein.(7)      |
| 10.24                            |   | Contract                  Agreement dated April 29, 2007 between IGC, CWEL, AMTL and                  MAIL.(7)                                                                                                                                                                     |
| 31.1                             |   | Certificate                  pursuant to 17 CFR 240.13a-14(a).                                                                                                                                                                                                                     |
| 31.2                             |   | Certificate                  pursuant to 17 CFR 240.13a-14(a).                                                                                                                                                                                                                     |
| 32.1                             |   | Certificate                  pursuant to 18 U.S.C. § 1350.                                                                                                                                                                                                                    |
| 32.2                             |   | Certificate                  pursuant to 18 U.S.C. § 1350.                                                                                                                                                                                                                    |

| (1)   | Incorporated                by reference to the Registrant’s Registration Statement on Form S-1 (SEC                File No. 333-124942), as amended and filed on September 22,                2006. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Incorporated                by reference to the Registrant’s Registration Statement on Form S-1 (SEC                File No. 333-124942), as amended and filed on February 14,                2006. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Incorporated                by reference to the Registrant’s Registration Statement on Form S-1 (SEC                File No. 333-124942), as originally filed on May 13,                2005. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Incorporated                by reference to the Registrant’s Registration Statement on Form S-1 (SEC                File No. 333-124942), as amended and filed on July 11,                2005. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | Incorporated                by reference to the Registrant’s Registration Statement on Form S-1 (SEC                File No. 333-124942), as amended and filed on March 2,                2006. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6)   | Incorporated                by reference to the Registrant’s Current Report on Form 8-K (SEC File No.                333-124942), as originally filed on February 12,                2007. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)                  | Incorporated                by reference to the Registrant’s Current Report on Form 8-K (SEC File No.                333-124942), as originally filed on May 2,                2007. |
|---------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item      14.  Principal Accountant Fees and      Services**

|                               |   | **2007** |    |   | **2006** |   |
|-----------------------------------------|--------|----------|---------|--------|----------|--------|
|                                    |   |     |    |   |     |   |   |   |
| Audit                  Fees             |   | $        | 84,725  |   |     | $      | 80,                  800 |   |
| Audit-Related                  Fees     |   |     | 0       |   |     |   | 0 |   |
| Tax                  Fees(1)            |   |     | 3,837   |   |     |   | 0 |   |
| All                  Other Fees(2)      |   |     | — |   |     |   | — |   |
|                                    |   |     |    |   |     |   |   |   |
| **     Total** |   | $        | 88,562  |   |     | $      | 80,800 |   |

| (1)  | Tax                Fees relate to tax compliance, tax planning and advice.  These                services include tax return preparation and advice on state and local                tax                issues. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                       |
| (2)  | There                were no services rendered other than those identified in the above                categories.                                                                                                         |

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**SIGNATURES**

|                                               | **INDIA                  GLOBALIZATION CAPITAL, INC.** |                                                                                                                                                                                                                                                                          |
|----------------------------------------------------|--------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                               |                                                   |                                                                                                                                                                                                                                                                          |   |
| Date:                  August 20, 2007   | By:                                                    | /s/ Ram                  Mukunda                                                |   |
|                                               |                                                   | Ram                  Mukunda                                                                                                                                                                                                                         |   |
|                                               |                                                   | Chief                  Executive Officer and President (Principal Executive                  Officer)                                                                                                                                                                         |   |
|                                               |                                                   |                                                                                                                                                                                                                                                                          |   |
| Date:                  August 20, 2007   | By:                                                    | /s/ John                  B.                  Selvaraj                                    |   |
|                                               |                                                   | John                  B. Selvaraj                                                                                                                                                                                                               |   |
|                                               |                                                   | Treasurer,                  Principal Financial and Accounting Officer                                                                                                                                                                                                        |   |
|                                               |                                                   |                                                                                                                                                                                                                                                                          |   |

|                                             |   |                                                                                                                                                                                                                                                                                            |
|--------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
| Date:                August 20, 2007   | By:    | /s/ Dr.                Ranga                Krishna                                                                             |   |
|                                             |   | Dr.                Ranga Krishna                                                                                                                                                                                                                                                      |   |
|                                             |   | Director                                                                                                                                                                                                                                                                                        |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
| Date:                August 20, 2007   | By:    | /s/ Sudhakar                Shenoy                                                                                    |   |
|                                             |   | Sudhakar                Shenoy                                                                                                                                                                                                                                              |   |
|                                             |   | Director                                                                                                                                                                                                                                                                                        |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
|  Date:                August 20, 2007       | By:    | /s/                Richard                Prins                                         |   |
|                                             |   | Richard                Prins                                                                                                                                                                                                                                                                    |   |
|                                             |   | Director                                                                                                                                                                                                                                                                                        |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
| Date:                August 20, 2007   | By:    | /s/ Ram                Mukunda,                                                              |   |
|                                             |   | Ram                Mukunda                                                                                                                                                                                                                                                                      |   |
|                                             |   | Director                                                                                                                                                                                                                                                                                        |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |
| Date:                August 20, 2007   | By:    | /s/ Suhail                Nathani                                                  |   |
|                                             |   | Suhail                Nathani                                                                                                                                                                                                                                                                   |   |
|                                             |   | Director                                                                                                                                                                                                                                                                                        |   |
|                                             |   |                                                                                                                                                                                                                                                                                            |   |

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