Unassociated Document
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
SCHEDULE
13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN
STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED
PURSUANT TO RULE
13d-2(a)
(Amendment No.
2)*
India
Globalization Capital, Inc.
(Name of
Issuer)
Common
stock, par value $0.0001 per share
(Title of
Class of Securities)
45408X100
(CUSIP
Number)
Steven
Michael Oliveira, 18 Fieldstone Court, New City, NY 10956
(845)
634-5620
(Name,
Address and Telephone Number of Person Authorized
to
Receive Notices and Communications)
May 18,
2009
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. o
Note.
Schedules filed in paper format shall include a signed original and five copies
of the schedule, including all exhibits. See Rule
13d-7 for other parties to whom copies are to be sent.
The
information required on the remainder of this cover page shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the
Notes).
*
|
The
remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover
page.
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CUSIP NO. 45408X100
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SCHEDULE
13D
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Page 1 of 1 Pages
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1
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NAMES
OF REPORTING PERSON
Steven
Michael Oliveira
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
o
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
OO
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) o
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
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NUMBER
OF
SHARES
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7
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SOLE
VOTING POWER
270,837 shares
of Common Stock(1)
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BENEFICIALLY
OWNED
BY
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8
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SHARED
VOTING POWER
0
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EACH
REPORTING
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9
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SOLE
DISPOSITIVE POWER
270,837
shares of Common Stock(1)
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PERSON
WITH
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10
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SHARED
DISPOSITIVE POWER
0
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,837
shares of Common Stock(1)
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12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%(2)
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14
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TYPE
OF REPORTING PERSON
IN
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(1)
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Includes
(i) 270,833 shares of Common Stock and (ii) warrants to purchase four
shares of Common Stock.
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(2)
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Based
on the 10,091,171 shares of Common Stock reported by the Issuer to be
issued and outstanding as of January 12, 2009 in the Issuer's Form 10-Q
for the quarter ended December 31, 2008, as filed with the Securities and
Exchange Commission on February 17,
2009.
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This
constitutes Amendment No. 2 (this “Amendment”) to the Statement on Schedule 13D,
originally filed with the Securities and Exchange Commission (the “SEC”) by Mr.
Oliveira on March 20, 2008, and subsequently amended on October 9, 2008 (the
“Schedule 13D”). Except as otherwise described in this Amendment, the
information contained in the Schedule 13D remains in effect, and all capitalized
terms not otherwise defined herein shall have the meanings previously ascribed
to them in the Schedule 13D. Information given in response to each item in the
Schedule 13D shall be deemed incorporated by reference in all other
items.
Item
5.
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Interest in Securities
of the Issuer
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The
information in Item 5 is hereby replaced in its entirety by the following
thereto:
(a) India
Globalization Capital, Inc.’s (“IGC”) quarterly report on Form 10-Q for the
fiscal quarter ended December 31, 2008, filed with the SEC on February 17, 2009,
indicates there were 10,091,171 shares of Common Stock outstanding as of the
date of the report. Therefore, Mr. Oliveira’s beneficial ownership of 270,833
shares of Common Stock and warrants to purchase four shares of Common Stock
constitutes beneficial ownership of 2.7% of the total number of shares of
outstanding Common Stock of IGC.
(b) Mr.
Oliveira has the sole power to vote or to direct the vote of, and sole power to
dispose or direct the disposition of 270,833 shares of Common Stock and warrants
to purchase four shares of Common Stock.
(c) Set
forth below are the dispositions made by Mr. Oliveira in the last 60
days. All shares were purchased on the open market through a
broker.
Date
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Shares
Disposed
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Cost
Per Share
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5/18/09
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197,601(1)
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$1.0058
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5/18/09
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80,401(2)
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$1.0098
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5/18/09
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$0.11
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5/19/09
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646,599(1)
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$1.2679
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5/19/09
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178,424(1)
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$1.1479
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5/19/09
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10,000(1)
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$1.25
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5/20/09
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423,986(1)
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$0.9690
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5/21/09
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501,364(1)
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$0.8141
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(1) Sold
by Oliveira Capital, LLC, of which Mr. Oliveira is the sole Managing
Member.
(2) Sold
by Steven Oliveira IRA, of which Mr. Oliveira is the Trustee.
(d) Not
applicable.
(e) As
of May 21, 2009, Mr. Oliveira ceased to be the beneficial owner of more than
five percent of the outstanding common stock of IGC.
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
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|
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Date:
May 27, 2009
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/s/ Steven Michael
Oliveira |
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Steven Michael
Oliveira |