India Ratings has confirmed the bank facilities rating for Lyka Labs at INR 332.8 million (down from INR 363.1 million). The outlook on Lyka Labs remains stable, reflecting their sustained financial credibility.

The National Company Law Tribunal (NCLT) has approved the merger of Lyka Exports and Lyka Labs, effective from April 8, 2026. This consolidation boosts their combined capital to ₹59 crore.