eMudhra Limited's Board of Directors, at its meeting held on May 06, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board recommended a final dividend of Rs. 1.25 per share for FY2025-26, subject to shareholder approval at the 18th Annual General Meeting scheduled for June 25, 2026. The record date for determining dividend entitlement is June 18, 2026.

Consolidated Financial Performance

eMudhra delivered a strong performance on a consolidated basis for FY26, with total income from operations rising to INR 7,131.79 million from INR 5,278.36 million in FY25. Revenue from operations grew to INR 7,015.80 million from INR 5,193.85 million in the prior year. Net profit for the year stood at INR 1,100.38 million compared to INR 872.34 million in FY25. Total comprehensive income for the year reached INR 1,602.60 million, up from INR 930.70 million in FY25.

For Q4 FY26, consolidated total income from operations stood at INR 1,965.50 million, compared to INR 1,492.59 million in Q4 FY25. Quarterly net profit came in at INR 295.74 million versus INR 243.38 million in the corresponding quarter of the previous year. On an operational efficiency basis, Q4 EBITDA grew to Rs. 421 million from Rs. 348 million in Q4 FY25, while EBITDA margin stood at 21.40% compared to 23.69% in the year-ago quarter.

Consolidated Segment Performance

eMudhra operates across two primary business segments — Trust Services and Enterprise Solutions (India and Outside India). For FY26, the Enterprise Solutions (Outside India) segment contributed the largest share of revenue at INR 4,375.72 million, followed by Trust Services at INR 1,400.08 million and Enterprise Solutions (India) at INR 1,240.00 million.

Consolidated operating profit for FY26 was INR 1,363.82 million, up from INR 1,085.56 million in FY25. Total segment assets grew to INR 12,134.33 million as at March 31, 2026, from INR 8,681.35 million as at March 31, 2025.

Standalone Financial Performance

On a standalone basis, eMudhra reported total income from operations of INR 2,768.57 million for FY26, compared to INR 2,121.05 million in FY25. Standalone net profit for the year was INR 323.92 million, up from INR 186.65 million in the prior year. Total comprehensive income on a standalone basis stood at INR 326.12 million versus INR 182.95 million in FY25.

Key Corporate Developments

During FY26, eMudhra completed two significant acquisitions that expanded its global cybersecurity capabilities:

• AI Cyber Forge Inc Acquisition: eMudhra Inc, a wholly owned subsidiary, concluded the acquisition of 100% ownership interest in AI Cyber Forge Inc, effective July 1, 2025, for a cash consideration of USD 4.80 million. The entity was subsequently merged with eMudhra Inc on December 06, 2025.
• Cryptas International GmbH Acquisition: eMudhra BV, a wholly owned subsidiary, acquired 51% ownership interest in Cryptas International GmbH, effective July 1, 2025, for a cash consideration of EUR 5.0 million. An upside payable is based on enterprise value at 10 times EBIDTA for the year 2026. A Put/Call option on the remaining 49% is exercisable from 2028 to 2030.

Additionally, following the Government of India's notification of four new Labour Codes on November 21, 2025, eMudhra made an incremental provision of INR 14.92 million (consolidated) and INR 13.96 million (standalone) during the year ended March 31, 2026, towards the estimated impact of these changes.

Balance Sheet Highlights

On a consolidated basis, total assets as at March 31, 2026, stood at INR 12,134.33 million, compared to INR 8,681.35 million as at March 31, 2025. Total equity increased to INR 9,125.90 million from INR 7,472.80 million. Cash and cash equivalents at the end of the year were INR 582.33 million, compared to INR 1,012.52 million at the start of the year. Net cash flow from operating activities for FY26 was INR 1,328.49 million, versus INR 1,016.16 million in FY25. The standalone total assets stood at INR 6,687.20 million as at March 31, 2026, compared to INR 5,984.88 million as at March 31, 2025.

The Board of Directors of eMudhra Limited, at its meeting held on May 06, 2026, approved the reappointment of two Independent Directors — Mrs. Chandra Lakshminarayan Iyer and Mr. Chandrasekar Padmanabhan — for a second term of five years each. The approvals were made based on the recommendation of the Nomination and Remuneration Committee and are subject to shareholder approval at the ensuing Annual General Meeting (AGM). The disclosures were made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reappointment Details

The following table summarises the key details of both reappointments as disclosed by the company:

Profile of Mrs. Chandra Lakshminarayan Iyer

Mrs. Chandra Lakshminarayan Iyer holds a bachelor's degree in commerce and a master's degree in commerce, both from the University of Mumbai. She also holds a diploma in financial management from the Directorate of Distance Education, University of Mumbai. She has previously served as the president of Anunta Technologies Management Services Limited for over two years, and is on the board of Lords Freight (India) Private Limited, Mahindra Retail Limited, and Mumbai Mantra Media Limited. She brings over 35 years of experience to her role.

Profile of Mr. Chandrasekar Padmanabhan

Mr. Chandrasekar Padmanabhan is a member of the Institute of Chartered Accountants of India and has also passed the final examination of the Institute of Company Secretaries of India. He has worked with ICICI Bank Limited for a period of over three years and carries over 35 years of professional experience. He was appointed as the first director of Erudite Capital Creations Private Limited and continued to hold that office till October 31, 2018. Both directors have confirmed that they are not related to any other director of the company and are not debarred from holding the office of director by virtue of any order passed by SEBI or any other authority.

Regulatory Compliance

The disclosures were made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The communication was signed by Johnson Xavier, Company Secretary & Compliance Officer (Membership No. A28304), on behalf of eMudhra Limited.