eMudhra Limited — M&A Activity 2026

Feb 2, 2026

EL/SEC/2025-26/96

February 02, 2026

Corporate Relationship Department BSE Limited 1st Floor, New Trading Ring Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai - 400 001

The Manager, Listing Department National Stock Exchange of India Limited "Exchange Plaza', C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Script Code: 543533

Symbol: EMUDHRA

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a merger of AI Cyber Forge Inc, based in USA, with, eMudhra Inc, a wholly owned subsidiary of the Company, has been completed on February 02, 2026.

In this regard, please find enclosed the intimation and details of the said merger as prescribed under Regulation 30 of the Regulations read with Schedule III of the Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as an Annexure.

The above information is also available on the company's website at www.emudhra.com.

This is for your information and records.

Thanking you

Yours faithfully,

For eMudhra Limited

JOHNSON Digitally signed by JOHNSON XAVIER XAVIER Date: 2026.02.02 19:10:03 +05'30'

Johnson Xavier Company Secretary & Compliance Officer Membership No. A28304

Details under Regulation 30(6) read with clause (1) of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023

	Sl. No.	Items of Disclosure	Description
	1.	Name of the entity(ies) forming part of theamalgamation/merger, details in briefsuch as, size, turnover etc.	eMudhra Inc, the transferee company, isincorporated in the USA and is a wholly ownedsubsidiary of the Company.AI Cyberforge, the transferor company, wasacquired by eMudhra Inc effective July 01, 2025.The revenue of eMudhra Inc and AICyberforge for the year ended March 31,2025, amounted to USD 26.54 million and USD600,000, respectively.For operational synergies AI Cyberforge has beenamalgamated with eMudhra Inc.
			yerorge, e ranseror companacquired by eMudhra Inc effective July 01, 2The revenue of eMudhra Inc anCyberforge for the year ended Marc2025, amounted to USD 26.54 million an600,000, respectively.For operational synergies AI Cyberforge h
	2.	Whether the transaction would fall withinrelated party transactions? If yes, whetherthe same is done at “arm’s length”	No.
	3.	Area of business of the entity(ies)	Both eMudhra Inc and AI cyberforge areengaged in providing technology services andsolutions.
	4.	Rationale for amalgamation/ merger	The consolidation of the entities will result in:1.Promoting and accomplishing efficienciesand economies, which will serve toreduce both administrative and operatingcosts in all aspects of the business
			involved.2.Streamlining the business operations andachieving greater efficiency in the use oftheresourcesoftheconstituentcorporations.
			3.Consolidating the ownership of the assetsof Companies.

					The Transferee company is a wholly ownedsubsidiary of the Transferor Company andhence there will be no cash consideration orissuance of new shares involved under themerger.Not applicable. The shareholding pattern of theCompany remains unchanged.
	5.
		5.	In case of cash consideration – amthi h h ti	ount or	The Transferee company is a wholly ownedbidi f th Tf C d
			oerwse sare excange rao.		susary o e ranseror ompany anhence there will be no cash consideration orissuance of new shares involved under the
					merger.
		6.	Brief details of change in sharepattern (if any) of listed entity	holding	Not applicable. The shareholding pattern of the
					Company remains unchanged.