Unfortunately, there's no such options available - even today in Corona 11 (Latest one). Very unfortunate...
But now to deal with the problem, what I did is, I draw a surface around the light (You can draw a circle and extrude it, with edit poly you can delete both the faces but keep only the height face), and apply Mirror material (99 reflective) to that height face, so It will reflect the light. It worked for me, may be it will help others too.