Earnings Presentation on the financial results of the company for the quarter ended June 30, 2026

EL/SEC/2026-27/44 July 30, 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: Earnings Presentation on the financial results of the company for the quarter ended June 30, 2026 Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Earnings Presentation on the financial results of the company for the quarter ended June 30, 2026, which will be circulated to the Investors/ Analysts for the Earnings Call scheduled on Thursday, July 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, I I I Bengaluru, Karnataka 562149 Phone: +91 80 4848 4001 Email: corporate@emudhra.com Web: www.emudhra.com CIN -L72900KA2008PLC060368 July 2026 Q127 Investor Presentation Trust Infrastructure for the AI Economy eMudhra Limited | BSE: 543533 | NSE: EMUDHRA Table of Contents Business Review Company overview, lines of business, products, trust and data-privacy strategy, R&D, geography and key wins Q127 Financial Overview Performance highlights, revenue growth and operating performance Q127 Financial Statement Consolidated Profit & Loss Statement eMudhra Limited | Q127 Investor Presentation 2 Business Review Lines of business, trust and data-privacy strategy, product stack, R&D, key wins and recognition Q127 AT A GLANCE Results at a glance Growth in revenue and profitability, with an increasing focus on product led growth TOTAL INCOME EBITDA PAT Rs. 1,925 Mn Rs. 504 Mn Rs. 320 Mn +27.8% YoY +40.4% YoY · 26.2% margin +27.9% YoY · 16.6% margin ADJ. EBITDA ADJ. PAT INTERNATIONAL REVENUE Rs. 529 Mn Rs. 339 Mn 66% +29.5% YoY · 27.5% margin +24.1% YoY · 17.6% margin of total revenue Adjusted figures exclude ESOP provisioning (non-dilutive) and notional interest on acquisition liability; include interest and capital gain income on investments. eMudhra Limited | Q127 Investor Presentation 4 BUSINESS OVERVIEW eMudhra line of business Three complementary lines of business spanning trust services, enterprise applications and services Trust Services Enterprise Solutions Services 15% 65% 20% -3% YoY +50% YoY +5.0% YoY of Q127 revenue of Q127 revenue of Q127 revenue • CCA mandate to shift to a higher token security level • Five proprietary platforms —emCA(PKI), • Consulting and product integration supporting client resulted in a supply chain disruption because of SecurePass(converged identity and access), digital-transformation programmes which, no tokens were ready for sale in Q1. Certinext (certificate lifecycle management), • A steady base of activity that continues to support emSigner (paperless transformation) and PrivaTrust • SSL/TLS certificate issuance, with WebTrust cross-sell into the platform business (data privacy, in development) recognition in major browser stores —the only • New Account additions in US resulting in Indian CA with this standing • SecurePass and Certinext deployed across large incremental growth YoY. Banking, Government and Defence environments, • Extending into Global Trust Services through the with EAL 4+ certification supporting regulated use Cryptas / Primesign subsidiary in Europe bundling cases with Enterprise Solutions • emSigner processes over 500,000 signing workflows a day globally, combining AI-based liveness and signer validation 15 offices globally 35+ countries served 850+ employees worldwide 5 proprietary platforms eMudhra Limited | Q127 Investor Presentation 5 INDUSTRY CONTEXT The next big focus is AI Trust and Governance A measured view of why identity and trust infrastructure matters more as AI adoption spreads Machine identity is growing faster than human 1 2 Tooling remains fragmented identity Analysts covering identity and access management note that APIs, workloads, Coverage of the machine identity and secrets management market points to a devices and AI agents are expanding the population of machine identities that landscape of specialised vendors rather than a single consolidated category, organisations must discover, credential and govern —a population that is already meaning most organisations are still assembling, rather than buying off-the-shelf, a larger, and growing faster, than the human workforce it sits alongside. complete approach. 3 Deepfakes raise the bar on verification 4 Agentic AI adoption need to be trusted The rise of generative-AI-driven impersonation is adding a further layer of Industry research flags that unresolved identity and governance questions around AI complexity to establishing who —or what —an organisation is actually dealing with agents could stall a meaningful share of enterprise AI initiatives over the next few online, bringing greater importance to Identity and Trust as a critical component in years in the absence of a strong Trust infrastructure for Identity & Risk organizational risk management. Management. Source: Gartner research on machine identity, IAM for AI agents and related emerging technology trends, 2026 (paraphrased). eMudhra Limited | Q127 Investor Presentation 6 INDUSTRY CONTEXT Where organisations increasingly need help Three converging shifts are shaping the CISO and DPO agenda alongside a broadening threat landscape 1 2 3 Certificate lifecycles are Post-Quantum readiness is AI and machine identity are shortening becoming an active workstream multiplying Migration planning for quantum-safe Agentic AI and machine-to-machine workflows Public TLS certificate validity is being cryptography is moving from a research topic are increasing the number of identities, secrets compressed from 398 days toward 47 days by toward practical planning, requiring crypto-agility and certificates that must be discovered, 2029 necessitates CLM for service continuity and a clear inventory of where and how credentialed and governed —each one a and better control of PKI in an Enterprise. cryptography is used across the estate. potential point of exposure. Post Quantum Migration Deadline: 2029 for Critical Infrastructure, 2030 for High Priority EntepriseSystems (Dept. of Science & Technology, India) 47 day certificate migration Deadline: March 2029 (CA Browser Forum) eMudhra Limited | Q127 Investor Presentation 7 BUSINESS OVERVIEW Trust, translated into business value Our product landscape spans identity, trust services, data privacy and risk & governance Agent Identity Identity Governance Context PRODUCT PILLARS APls 0 SECUREpass 0 emSigner C, CERTlnext 0 PrivaTrust GOVR EIS RK N A& N CE MCP Servers Policies PAM KYC CLM Data Privacy SDKs Compliance Access Mgmt Workflow Mgmt CIPoM DSAR Integrations Audit Converged Identity QTSP KMS Consent Mgmt Webhooks Risk Controls CMS&Cards Machine & Agents Monitoring BUSINESS OUTCOMES Data Privacy & Auth & Access Workflow & Efficiency Trust Automation Compliance REACH - APPLIES ACROSS Infrastructure loT Agents Workforce Humans ~ ------/ ' ID Broker 1 C, emCA Trust Center - Issuance of Cryptographic Credentials • PKI • OCSP • TSA • HSM Keys eMudhra Limited | Q127 Investor Presentation 8 PRODUCT OVERVIEW Product stack, R&D and roadmap Five proprietary platforms — capability shipped in Q127, what comes next, and the R&D behind it Shipped Q127 Roadmap emCA Certinext SecurePass emSigner PrivaTrust DIGITAL CERTIFICATE CERTIFICATE LIFECYCLE CONVERGED IDENTITY & PAPERLESS DATA PRIVACY & ISSUANCE MANAGEMENT ACCESS TRANSFORMATION CONSENT Issuance of DSC, re [Showing first 8,000 characters — download PDF for full document]