eMudhra has strongly denied allegations of financial fraud made by 3I Infotech, with the company categorically refuting the accusations and announcing plans to pursue legal remedies.

Company Response to Allegations

The digital security solutions provider has taken a firm stance against the fraud claims, maintaining its position of innocence. eMudhra has emphasized that it disputes the allegations made by 3I Infotech and considers them to be without merit.

Legal Action Plans

In response to the accusations, eMudhra has indicated its intention to address the matter through appropriate legal channels. The company appears committed to defending its reputation and business interests through the judicial system.

Current Status

The dispute between the two technology companies represents a significant development in their business relationship. eMudhra's decision to pursue legal action suggests the company views the allegations as serious enough to warrant formal legal proceedings to clear its name and protect its business interests.

eMudhra Limited's Board of Directors has approved key leadership appointments and re-appointments during its meeting held on February 02, 2026. The decisions, made based on recommendations from the Nomination and Remuneration Committee, are subject to shareholder approval and represent significant developments in the company's governance structure.

Board Resolutions Overview

The board approved three major resolutions concerning director appointments:

Executive Chairman Re-appointment

Mr. Venkatraman Srinivasan's re-appointment as Executive Chairman comes as he approaches his 70th birthday on May 26, 2026. His new five-year term will commence from May 26, 2026. Mr. Srinivasan brings over 40 years of experience in senior positions across financial services and IT industries, with extensive global business understanding gained through worldwide travel.

His qualifications include a bachelor's degree in mathematics from the University of Madras, associate memberships with the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India, and qualification as a company secretary from the Institute of Company Secretaries of India. He also completed an Executive Development Programme at Kellogg Graduate School of Management.

New Director Appointments

Kaushik Srinivasan - Whole-Time Director

Mr. Kaushik Srinivasan will assume the role of Whole-Time Director effective April 1, 2026, for a five-year term. He holds a Bachelor's and Master's in Computer Engineering with networking focus from Stevens Institute of Technology, New Jersey, and is a CFA charter holder with over 15 years of experience in technology and financial services.

Since joining eMudhra Limited in 2015, he has led product innovation and development, engineering, and professional services for the company's identity, authentication, Certification Authority and eSignature solutions. He also manages sales functions for the Indian market and was recognized as a Business World 40 under 40 winner for 2024.

Arvind Srinivasan - Director

Mr. Arvind Srinivasan's appointment as Director will also take effect from April 1, 2026, for a five-year term. He holds a Master's degree in finance from the University of Michigan and an MBA from Saïd Business School, University of Oxford, with over 15 years of global market business experience.

Since 2017, he has been working with eMudhra DMCC in Dubai, overseeing international markets for eMudhra's products and services. In his EVP role, he has been instrumental in the company's global expansion beyond India, establishing presence across more than 40 countries spanning five continents.

Family Relationships and Governance

The appointments involve family relationships within the leadership structure:

All three directors have been confirmed as not being debarred from holding director positions by the Securities and Exchange Board of India or any other regulatory authority, as required under BSE and NSE circular requirements dated June 30, 2018.