eMudhra Limited has issued a warning about the potential for post-quantum cryptography to create a Y2K-scale disruption across global digital infrastructure. The company raised critical questions for enterprises, governments, and infrastructure operators about their readiness for this significant technological transition.

Quantum Computing Threat to Current Encryption

The company highlighted that advances in quantum computing pose a serious threat to widely used encryption standards. Organizations worldwide face the challenge of replacing cryptographic systems that currently underpin essential digital services including financial transactions, identity systems, digital signatures, and secure communications.

Security experts have warned that sensitive information encrypted today could be harvested and decrypted in the future once quantum computing capabilities mature. This threat has prompted governments and regulators in the United States and Europe to push organizations toward quantum-resistant cryptography to protect long-term data and critical infrastructure.

Scale of Infrastructure Changes Required

According to eMudhra, the transition to post-quantum security could require large-scale changes across enterprise infrastructure, identity systems, and digital public infrastructure (DPI). The company compared the complexity to the global technology remediation efforts seen during the Y2K transition.

"The world's digital infrastructure is built on cryptography. If existing encryption becomes vulnerable, the impact could be systemic," said Biju Varghese, EVP at eMudhra. "Organizations must begin preparing now for post-quantum security transitions to maintain trust in digital systems."

Impact Areas and Preparation Requirements

The company identified several key areas that may be affected by the shift:

Enterprises must evaluate their cryptographic inventories, update trust architectures, and implement migration strategies to ensure operational continuity during the transition.

Strategic Priority for Organizations

eMudhra noted that post-quantum readiness is becoming a strategic priority for boards and security leaders as organizations expand cloud adoption, digital services, and autonomous systems. The transition carries significant implications for digital identity, financial systems, and global trust infrastructure.

The company emphasized that as quantum research accelerates, proactive planning and trust infrastructure modernization will be essential to ensure resilience and confidence in the digital economy.

About eMudhra's Global Operations

eMudhra operates as a global provider of digital identity, authentication, and trust services, serving customers across more than 35 countries. The company specializes in PKI, digital signatures, certificate lifecycle management, and identity and access management (IAM), powering secure transactions and digital public infrastructure at population scale.

eMudhra Limited has successfully concluded its postal ballot e-voting process, with shareholders approving three critical resolutions related to key leadership appointments. The company filed its scrutinizer report with BSE and NSE on March 14, 2026, confirming the passage of all proposed resolutions with requisite majority.

Postal Ballot Process Overview

The remote e-voting process was conducted through MUFG Intime India Private Limited's platform from February 12, 2026, at 9:00 AM to March 13, 2026, at 5:00 PM. The postal ballot notice was distributed electronically to members whose email addresses were registered with the company or depositories, in compliance with MCA and SEBI circulars.

Resolution 1: Re-appointment of Executive Chairman

Shareholders overwhelmingly approved the re-appointment of Mr. Venkatraman Srinivasan (DIN: 00640646) as Executive Chairman for a five-year term from May 26, 2026, to May 25, 2031. This appointment is significant as Mr. Srinivasan will attain 70 years of age on May 26, 2026.

Under the approved terms, Mr. Srinivasan will receive a symbolic remuneration of Re. 1 per year as proposed by him. The company will provide accommodation, conveyance, transportation, communication expenses, medical insurance for family, leave travel passage, personal accident insurance, and group term insurance coverage.

Resolution 2: Appointment of Whole-Time Director

The appointment of Mr. Kaushik Srinivasan (DIN: 02634925) as Whole-Time Director received strong shareholder support for a five-year term from April 1, 2026, to March 31, 2031.

The remuneration package approved for Mr. Kaushik Srinivasan includes:

• Salary Range: Rs. 75,00,000 to Rs. 2,00,00,000 per annum
• Benefits: Accommodation, conveyance, transportation, medical insurance, provident fund contribution, gratuity, and other perquisites as determined by the Board

Resolution 3: Appointment of Director

The appointment of Mr. Arvind Srinivasan (DIN: 02547313) as Director effective April 1, 2026, received near-unanimous approval from shareholders.

Mr. Arvind Srinivasan will serve as a Director liable to retire by rotation and will be eligible for sitting fees for Board and Committee meetings.

Regulatory Compliance

The postal ballot process was conducted in accordance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S.P. Nagarajan, Company Secretary in Whole-time Practice, served as the appointed scrutinizer and confirmed that all resolutions were passed with the requisite majority on March 13, 2026.