Medplus Subsidiary Optival Health Solutions Receives 5-Day Drug License Suspension in Odisha
Medplus subsidiary Optival Health Solutions received a 5-day drug license suspension for a store in Odisha. The suspension, effective from April 10, 2026, is due to alleged violations of the Drugs and Cosmetics Act. The company estimates a potential revenue loss of ₹3.80 lacs.
The impact is assessed as low because the suspension is for a single store and for a short duration (5 days), with a quantifiable revenue loss of ₹3.80 lacs, which is unlikely to significantly affect the overall financial performance of the company.
The announcement details a suspension of a drug license for a subsidiary's store, which is a negative operational event and is expected to result in revenue loss.
Med Plus Health Services Limited has announced that its subsidiary, Optival Health Solutions Private Limited, has received an order suspending the drug license for a store located in Odisha for a period of five days.
The suspension order was issued by the Dy. Drugs Controller, Southern Zone, Berhampur, Licensing Authority, Odisha. The store in question is situated at Bahadur Bagicha pada in Odisha.
The suspension, effective for five days, is reportedly due to a violation under Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The company anticipates a potential revenue loss of ₹3.80 lacs as a result of this suspension.
This information is being disclosed in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The details will be made available on the company's website, www.medplusindia.com, as well as on the websites of BSE Limited and the National Stock Exchange of India Ltd.
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