EX-21.1 2 igcex21-1.htm EXHIBIT 21.1

Exhibit 21.1

 

The table below lists our subsidiaries.

 

Subsidiaries   Ultimate
holding
company		   Jurisdiction of
Incorporation		   Percentage of
holding
as of
December 31,
2025		     Percentage of
holding
as of
March 31,
2025		  
IGCare, LLC   IGC   Maryland, USA     -       100  
IGC Pharma, LLC   IGC   Delaware, USA     100       100  
HH Processors, LLC (formerly Holi Hemp, LLC)   IGC   Maryland, USA     100       100  
Sunday Seltzer, LLC   IGC   Maryland, USA     -       100  
SAN Holdings, LLC   IGC   Maryland, USA     100       100  
IGC Pharma SAS (1)   IGC   Colombia     100       100  
Techni Bharathi Private Limited (TBL)   IGC   India     100       100  
India Mining and Trading Private Limited (IGC-IMT) (2)   IGC   India     -       100  
IGC Materials Private Limited (IGC-MPL) (2)   IGC   India     -       100  
IGC Enterprises Limited (IGC-ENT)   IGC   Hong Kong     100       100  
Hamsa Biopharma India Pvt. Ltd.   IGC   India     100       100  
IGC Pharma IP, LLC   IGC   Maryland, USA     100       100  

 

(1)Beneficially owned by IGC

 

(2)IGC-IMT and IGC-MPL were non-operating subsidiaries. These subsidiaries did not have a material impact on the balance sheet or statement of operations.