Medplus Subsidiary Optival Receives Two Drug License Suspensions
Medplus Health Services Limited's subsidiary, Optival Health Solutions, received two drug license suspension orders. One store in Nareducharla, Telangana, faces a five-day suspension with an estimated ₹0.85 lacs revenue loss. Another store in Laxmi Nagar Colony, Telangana, is suspended for two days with an estimated ₹0.18 lacs revenue loss.
While the revenue loss is quantified and appears manageable (₹0.85 lacs and ₹0.18 lacs), the suspension of drug licenses can have a reputational impact and may indicate potential ongoing compliance issues.
The company's subsidiary received drug license suspension orders for two stores, which will impact operations and result in revenue loss.
Medplus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, has received two orders suspending the drug license for its stores located in Telangana.
The first suspension order pertains to a store situated at Nareducharla Main Road, Telangana, for a period of five days. This order was received on May 30, 2026, and is reportedly due to a violation under Rule 65 of the Drugs and Cosmetics Act, 1940, and Drugs and Cosmetics Rules, 1945. The potential revenue loss from this suspension is estimated at ₹0.85 lacs.
The second suspension order is for a store located at Laxmi Nagar Colony, Hydershahkote Express, Telangana, for a duration of two days. The details of the violation are not specified beyond the potential revenue loss, which is estimated at ₹0.18 lacs. This announcement is made pursuant to SEBI Circulars dated July 13, 2023, and December 31, 2024.
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