Lyka Labs Limited — Important, 26-02-2025: General Updates

India Ratings & Research Pvt. Ltd. has affirmed the rating of Lyka Labs' bank facilities, reflecting a stable outlook. The term loan maturing on July 31, 2028, valued at INR 155.6 million, has been affirmed at IND BBB+/Stable, with a reduction from its previous size of INR 175 million. A new term loan of INR 87.5 million maturing on March 31, 2030, has been assigned the same rating. Additionally, the fund-based working capital limit of INR 120 million also holds a rating of IND BBB+/Stable and IND A2. These ratings signify a solid credit profile, which could enhance investor confidence and support future operational funding needs. Investors should monitor this development, as it underscores Lyka Labs' financial stability and growth potential.