Lahiri at four-under 140 was the best among the four Indians, who made the cut for weekend action.
Rahil Gangjee (71-71) at tied 26th, SSP Chowrasia (70-73) at tied 30th and Jyoti Randhawa (70-75) at tied 42nd were the others to make the cut.
Missing the cut were Chiragh Kumar (75-74), Abhinav Lohan (75-74), Sujjan Singh (75-76), Digvijay Singh (72-79), Himmat Rai (77-75).
Thailand's Prom Meesawat maintained his share of the lead with Sweden's Rikard Karlberg. Like Prom, who posted a second round one-under 71, Karlberg also continued to contend strongly at the Asian Tour season-ending event by signing for a two-day total of eight-under 136 at the Black Mountain Golf Club, which is his home course.
Japan's Kodai Ichihara gave himself a glimmer of hope of saving his Tour card after a 68 gave him a share of fourth place alongside Australia's Adam Groom, Kieran Pratt, Chinese Taipei's Lin Wen-tang as well as Thailand's Chawalit Plaphol and Pavit Tangkamolprasert.
Despite dominating the King's Cup for two consecutive days, Prom knows he has to remain patient if he wants to end his eight-year title drought and make up for the heartbreak of losing in two play-offs in the Philippines and Hong Kong late last year.
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