Middle East order delays due to geopolitical tensions
Management noted that Middle East orders expected in March were delayed due to the war, impacting order book conversion.
EMUDHRA / Q4-FY26 / risks
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Legal dispute with 3i Infotech unresolved
The dispute with 3i Infotech remains unresolved; no police or SEBI complaints received yet, but legal notices have been exchanged.
Slow sales cycle in Europe for Cryptos cross-selling
Cross-selling CLM platform into Cryptos' customer base faces long sales cycles typical of European banks, delaying expected profits.
Potential impact of Google root certificate policy change
Google's policy change on multi-purpose certificates could affect US product business, though management downplayed near-term impact.