are there any consequences to eMudhra?

Previously such incidents have lead to the CA business cessation by the involved entities (e.g. Diginotar case). I dont see how it would be different in this case.

Google and Mozilla are banning their roots. There’s a good chance if’s a death penalty for the company.

This is so blatently terrible, its hard to imagine they won't be permenantly removed from the CA ecosystem. I'm pretty sure other CA's have been removed for less.

That would damage public perception of the current Indian government, so the administration will do everything to keep the CA afloat.

they will have to file an incident report, which will be heavily scrutinized, and can possibly (edit: i am leaning towards likely, as more information comes to light) result in their ejection from most/all root stores.

I hadn't heard of the CA before and had to look it up. They're a publicly listed company in India. Markets will price this in.

https://www.nseindia.com/get-quote/equity/EMUDHRA/eMudhra-Li...