@GS_Guy, Thank you. Not sure if this is same as the beta version that your dev team gave me to test. I am working with them via a support ticket and After 2 previous Beta versions which didnt resolve the issue, Now i am on 0.0.5.4 which seems to be sending right profile on H264 now but the video is still not being displayed on Polycom.
Raised a case with Polycom if it they are seeing anything wrong in signalling or data. Will keep you posted.