Press Release

EL/SEC/2026-27/42 July 29, 2026 Corporate Relationship Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Ring Rotunda “Exchange Plaza”, C-1, Block G, Building, P J Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Script Code: 543533 Symbol: EMUDHRA Dear Sir/Madam, Sub: Press Release on the unaudited financial results of the company for the quarter ended June 30, 2026. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the press release on the unaudited financial statements of the company for the quarter ended June 30, 2026. This is for your information and records. Thanking you Yours faithfully, For eMudhra Limited Johnson Xavier Company Secretary & Compliance Officer Membership No. A28304 Encl.: As Above eMudhra Limited eMudhra Digital Campus, 12-Pl-A & 12-Pl-B, Hi-Tech Defence and Aerospace Park (IT sector), Jala Hobli, B.K. Palya, Bengaluru, Karnataka 562149 I Phone: +918048484001 I Email: corporate@emudhra.comIWeb:www.emudhra.com CIN -L72900KA2008PLC060368 eMudhra Limited reports healthy Q1 FY27 results with revenue growth of 27.8% y-o-y, with EBITDA margin at 26.2% and PAT margin at 16.6% Bengaluru, India — July 29, 2026: eMudhra Limited (BSE: 543533, NSE: EMUDHRA), a digital trust, digital security and paperless transformation solution provider, today announced its financial results for the first quarter of FY27 (Q1 FY27) ended June 30, 2026, as approved by its Board of Directors. Key Financial Highlights (Consolidated) (all amounts are in INR million, unless otherwise specified) Particulars (Rs. Million) Q1 FY27 Q4FY26 QoQ % Q1 FY26 YoY % FY2026 Total Income 1,925 1,966 -2.1% 1,506 +27.8% 7,132 Gross Margin 1,103 1,037 +6.3% 808 +36.4% 3,840 Gross Margin % 57.3% 52.8% 53.7% 53.8% EBITDA 504 441 +14.3% 359 +40.4% 1,654 EBITDA % 26.2% 22.4% 23.8% 23.2% Adj. EBITDA 529 478 +10.8% 408 +29.5% 1,835 EBIT 384 349 +10.0% 292 +31.7% 1,312 PAT 320 296 +8.2% 250 +27.9% 1,100 PAT % 16.6% 15.0% 16.6% 15.4% Adj. PAT 339 324 +4.6% 273 +24.1% 1,218 Basic EPS (INR) 3.91 3.53 +10.8% 3.05 +28.1% 13.14 Diluted EPS (INR) 3.88 3.50 +10.9% 3.00 +29.2% 13.02 Commenting on the first quarter results, V. Srinivasan, Executive Chairman, eMudhra Limited said, “We began FY27 on a healthy note, with good growth in our Enterprise Solutions business, powered by product- led growth across our international markets, complemented by continued momentum in India. In Europe, our Cryptas platform continues to open doors for both emSigner and Certinext, and we are seeing encouraging synergies as we acquire marquee customers for emSigner and emCA/CertiNext through Cryptas. Turning to our other international priorities, we remain on track to launch Trust Services in the UAE in Q2/Q3 FY27. We expect this to give us a opening to sell eSign and related offerings to both existing and new customers in that market. We are also encouraged by our progress in Kazakhstan, where we are in advanced conversations with large regulated public sector and defense entities around SecurePass and Certinext, building on the direct presence we established in Central Asia over the past year. More broadly, the rise of agentic AI, the move toward 47-day certificate validity, and the early stages of post- quantum migration are prompting enterprises globally to reassess and re-posture their PKI and trust infrastructure. We continue to see this translate into demand for our Enterprise Solutions business, both in markets where we have a direct presence and through our partner network. In India, our Trust Services business saw a temporary impact in the quarter following a CCA-mandated shift to a higher token security standard, which created a supply-chain gap for retail tokens; we expect this to normalize from Q327. Set against this, our eSign business continued its steady penetration across new and existing customer segments in India. India's Digital Personal Data Protection (DPDP) Act is adding a further layer of relevance to our products. The DPDP Rules were notified in November 2025, the Consent Manager framework under the Rules is due to become operational in November 2026, and full substantive compliance — covering notice, consent, security safeguards, breach reporting and data-principal rights — is required by May 2027. This gives Indian enterprises a defined, fairly tight runway to put consent and data-governance mechanisms in place. We see this timeline as validating the timely development of PrivaTrust, our data-privacy platform, which we believe is well placed to help organisations work toward these requirements within the stipulated timelines rather than in a last-minute scramble. On the product side, this quarter saw us ship a meaningful set of capabilities across the stack. Certinext added Cryptography Bill of Materials (CBOM) analysis, giving customers visibility into where and how cryptography is used ahead of post-quantum migration. emCA shipped PQC-ready issuance support, SecurePass added cross- cloud federation, and emSigner introduced AI-based document summarisation and risk scoring. On PrivaTrust, consent management and vendor-consent modules are now live and marketed to customers, paving our path towards a Data Privacy commercial play. We remain focused on disciplined execution across our five-platform stack — emCA, Certinext, SecurePass, emSigner and PrivaTrust — while continuing to invest in the trust and identity infrastructure that AI-era enterprises will increasingly depend on.” Financial Highlights • Revenue from operations for the quarter was INR 1,907 million, an increase of 29.5% year-on-year • Gross profit for the quarter was INR 1,103 million, representing a gross margin of 57.3% • EBITDA for the quarter was INR 504 million, with an EBITDA margin of 26.2% • Adjusted EBITDA for the quarter was INR 529 million, with an adjusted EBITDA margin of 27.5% • PAT for the quarter was INR 320 million, with a PAT margin of 16.6% • Adjusted PAT for the quarter was INR 339 million, with an adjusted PAT margin of 17.6% • Basic EPS for the quarter was INR 3.91, compared to INR 3.05 in the corresponding quarter last year • Diluted EPS for the quarter was INR 3.88 • International revenue accounted for 66% of total revenue in the quarter Key Metrics • Enterprise Solutions revenue accounted for approximately 65% of total revenue in Q1 FY27, growing approximately 50% year-on-year, powered by product-led growth across both international and Indian markets • Trust Services revenue accounted for approximately 15% of total revenue in Q1 FY27, down approximately 3% year-on-year, primarily reflecting a temporary token supply-chain gap following a CCA-mandated shift to a higher security standard • Services revenue accounted for approximately 20% of total revenue in Q1 FY27, growing approximately 5% year-on-year, aided by new account additions in the US • Five proprietary platforms now in market — emCA, Certinext, SecurePass, emSigner and PrivaTrust — with PrivaTrust reaching its first commercial milestone in the quarter as consent management and vendor-consent modules went live • Revenue mix by line of business: Enterprise Solutions 65%, Trust Services 15%, Services 20% • Enterprise Solutions revenue split between Partner and Direct is 36% / 64% • Enterprise Solutions revenue split between Cybersecurity and Paperless segments is 80% / 20% Key Project Wins • Deeper penetration into the Higher Education network in North America, building on our initial entry into that ecosystem last year; several value-added services are now being layered onto the initial Enterprise Solutions footprint, converting early wins into a more continual revenue stream • A large Government Tax Department in India signed up for SecurePass, and a large Indian bank onboarded emSigner • A large certifica [Showing first 8,000 characters — download PDF for full document]