Amba Auto Sales Approves ₹161 Crore Convertible Warrants Preferential Issue

Board approved issue of up to 1.6 Cr warrants at Rs101 aggregating Rs161.6 Cr to promoters and non-promoters, convertible in 18 months; raised authorised capital to Rs35 Cr. Issue subject to shareholder nod at Dec 3 EGM via VC; cut-off Nov 26 for e-voting. 25% payable upfront, balance on exercise; pricing per SEBI ICDR; no change in control; lock-in applies. Fully diluted equity to rise to 3.43 Cr from 1.83 Cr shares (~87% dilution). Promoters take ~1.2 Cr warrants. Use of proceeds, valuation basis not disclosed; conversion/lapse to be intimated later.