eMudhra Limited (NSE: EMUDHRA) today issued a statement on recent reports about the distrust of some of its intermediate Certificate Authorities (CAs) used in its global TLS business. The matter concerns 8 of eMudhra’s several intermediate CAs that were trusted as part of its Global TLS business. These issuing CAs were created under eMudhra’s ECC root in a Key Generation Ceremony (KGC) held on April 30, 2025, using FIPS 140-2 Level 3 Hardware Security Modules (HSMs). A flaw in the KGC caused a wrap/unwrap step to produce a second set of weak keys alongside the original strong keys. The weak keys were the ones published to the browser root stores.

No Compromise of Infrastructure or Data

eMudhra confirms that: its infrastructure was not compromised, no data was breached, and all physical and logical security controls remained intact. This incident has no connection with eMudhra’s Indian Digital Signature Certificate (DSC) and eSign businesses. The global TLS business runs on infrastructure that is completely separate from the India DSC business.

Limited Commercial Impact

The affected global TLS business is a very small part of eMudhra’s operations and accounts for around 1% of the company’s revenue. However, this may have some reputational risks on eMudhra which cannot be quantified. eMudhra is working directly with customers who may be affected to give them replacement certificates, so that critical services are not disrupted. The company is also working with the root programs and continues its root-cause investigation.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of eMudhra Limited

eMudhra Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.

eMudhra posts a 24.1% three-month gain, but softens in the last few weeks. Revenue grows at 41.3% and profits at 20.5% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gives back 13.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 41.3% and profits at 20.5%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of eMudhra Limited.

InfoBeans Technologies Limited (NSE: INFOBEAN) has earned the EcoVadis Bronze Medal, placing it among the top 35% of companies assessed globally. The recognition underscores the company’s commitment to sustainability, as it was rated on environment, labor and human rights, ethics, and sustainable procurement.

Sustainability Excellence

The EcoVadis assessment, which covers 21 sustainability criteria across four themes, validates InfoBeans’ robust management system. This achievement is a testament to the collaborative efforts of teams across governance, people, finance, audit, and operations in compiling comprehensive documentation.

Client and Investor Confidence

Avinash Sethi, Co-founder and Chief Financial Officer, highlighted that the recognition expedites supplier reviews for clients and provides a clear roadmap for future improvements. Neha Chouhan, Director – Process Engineering & Compliance, emphasized the collective effort and the proactive approach to sustainability, stating, ‘The improvement plan for our next assessment is already in motion.’ This recognition not only boosts client and investor confidence but also aligns with global sustainability standards.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of InfoBeans Technologies Limited

InfoBeans Technologies Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.

InfoBeans falls 8.9% over three months and has not found a floor yet. The PEG of 0.53 signals undervaluation relative to growth. It is a potential re-rating candidate. Revenue grows at 10.1% and profits at 34.1% CAGR. The market consistently rewards this kind of compounding. The stock gains 0.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 10.1% and profits at 34.1% CAGR, with D/E of 0.06. Meanwhile, the stock dips 8.9% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of InfoBeans Technologies Limited.

Urban Company Limited (NSE: URBANCO), India’s leading home services platform, today announced its financial results for the quarter ended September 30, 2026 (Q2 FY27). Q2 FY27 was a strong quarter with the company’s core business continuing its growth momentum while it invested aggressively in InstaHelp. On a consolidated basis, Net Transaction Value (NTV) grew 39% YoY to ₹ 1,432 Cr. and Revenue from operations grew 41% YoY to ₹ 537 Cr.

Revenue and Growth

Orders delivered reached 15.1 million, up 103% YoY, and annual transacting users reached nearly 10 million, up 35% YoY. Adjusted EBITDA for the quarter was ₹ (144) Cr., reflecting a deliberate ₹ (174) Cr. investment in InstaHelp. Excluding InstaHelp, Adjusted EBITDA was ₹ 30 Cr., up 213% YoY.

Segmental Performance

The core business is profitable with expanding margins, even as the company invests aggressively in InstaHelp by choice. India Consumer Services (Ex InstaHelp) NTV grew 26.3% YoY to ₹ 963 Cr. and Adjusted EBITDA was ₹ 34 Cr., or 3.5% of NTV, compared to 2.4% of NTV in Q2 FY26, a 110 bps improvement YoY. International NTV grew 66% YoY to ₹ 267 Cr. and Adjusted EBITDA loss narrowed to ₹ (16) Cr. from ₹ (20) Cr. a year ago. Native NTV grew 35% YoY to ₹ 132 Cr. and Adjusted EBITDA loss narrowed to (6.8)% of NTV from (9.0)% a year ago.

Capital Raise

The Board has approved a fresh capital raise of up to ₹ 2,500 Cr., subject to shareholder approval. The company closed the quarter with ₹ 1,901 Cr. in cash and treasury investments.

Urban Company Limited remains on track for Adjusted EBITDA breakeven by Q3 FY28 and Adjusted EBITDA of ₹ 1,000 Cr. by FY31.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Urban Company Limited

Urban Company Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.

Urban moves sideways over three months, with neither buyers nor sellers taking control. Margins of 19.4% are above average but show signs of plateauing — watch for further pressure. 4 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. Buyers show up with 1.9x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 2.9% in three months on 44.0% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Urban Company Limited.