eMudhra Limited’s bank facilities have been reviewed by ICRA Limited, resulting in an affirmation of its long-term credit rating at [ICRA]A (Stable) and its short-term rating at [ICRA]A1. The total unallocated bank limits amount to ₹35.00 crore. This rating affirmation follows a periodic monitoring process and a review of a material event related to the global Transport Layer Security (TLS) certificate business.
Credit Rating Affirmed by ICRA
eMudhra Limited has received an updated credit rating from ICRA Limited following a periodic monitoring process. The company’s bank facilities have been reviewed, and ICRA has affirmed the following ratings:
- Long-Term Rating: [ICRA]A (Stable)
- Short-Term Rating: [ICRA]A1
The total amount rated by ICRA for the bank limits, including unallocated limits, stands at ₹35.00 crore. This rating action was communicated by ICRA Limited via its letter dated October 23, 2026, and was received by eMudhra on the same day.
Review Triggered by Material Event
The review of eMudhra’s credit rating was undertaken in response to the occurrence or announcement of a material event. Specifically, this event pertained to an incident within the global Transport Layer Security (TLS) certificate business. Following the review, ICRA’s Rating Committee decided to maintain the existing rating levels, indicating continued financial strength and low credit risk for the company’s rated instruments.
Disclosures to Stock Exchanges
eMudhra has formally intimated this credit rating update to both the BSE Limited and the National Stock Exchange of India Limited, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the necessary details of the rating action to the relevant regulatory departments of these stock exchanges.
Source: BSE
