ICRA assigns eMudhra at A1, outlook Stable

What happened

In a filing with the BSE on 23 October 2026 at 05:04 PM, eMudhra (EMUDHRA) said that ICRA has assigned its credit rating at A1 with a stable outlook.

Company snapshot

eMudhra is a small-cap company, with a market value of about ₹2,862 crore.

The stock last traded at ₹345.6, against a 52-week range of ₹345.6–₹681.6 (49.3% below the high).

Before this filing the shares had moved −47.8% over the month and −24.5% over three months. Average daily turnover over the last 20 sessions was about ₹47.19 crore.

Promoters held 54.40% at the end of Q1 FY27. Foreign institutions owned 3.92% and domestic institutions 10.55%.

What history shows

BCEIE's records show 2 previous credit rating filings from the company since May 2026.

Market-wide, 1,326 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• Whether other agencies take a similar view on the company's credit.
• 4 November 2026: Board meeting — Financial Results.

In the news

Recent coverage elsewhere (links open the original publisher):

• India's eMudhra exits website security business after flaws trigger global alarm — Reuters, 22 Oct 2026
• eMudhra stock plunges 20% after researcher flags weak keys in intermediate certificates — Moneycontrol.com, 21 Oct 2026
• eMudhra Shares Crash 20% After Browsers Move To Distrust Some Of Its Global TLS Certificates — NDTV Profit, 21 Oct 2026
• Centre orders probe as Bengaluru firm eMudhra's key-making error leaves holes in web security | India News — Hindustan Times, 21 Oct 2026
• eMudhra says India digital signature services unaffected by TLS certificate flaw — Moneycontrol.com, 21 Oct 2026

Source

• Exchange filing (PDF)