Medplus Subsidiary Receives Three Drug License Suspension Orders
Medplus Health Services Limited's subsidiary, Optival Health Solutions Private Limited, received three drug license suspension orders for stores in Telangana and Karnataka. The suspensions range from one to three days, impacting potential revenue by ₹1.35 lacs, ₹1.49 lacs, and ₹0.65 lacs, respectively. The orders were received on May 27, 2026.
While the suspensions are for short durations (1-3 days) and the potential revenue loss is relatively small in absolute terms (lacs), the cumulative effect of three such orders across different locations could have a moderate impact on the company's operations and reputation.
The company's subsidiary has received multiple drug license suspension orders, which directly impacts its operations and revenue.
Med Plus Health Services Limited has announced that its subsidiary, Optival Health Solutions Private Limited, has received three suspension orders for drug licenses for stores located in Telangana and Karnataka.
The suspension orders were issued by the Assistant Director of Drugs Control Administration in Shameerpet-Mechel-Malkajgiri District, Telangana, for a store in Maruthi Nagar Kothapet Village, Telangana. This suspension is for three days and was received on May 27, 2026. The alleged violation pertains to Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945, with a potential revenue loss of ₹1.35 lacs.
Additionally, the Assistant Director of Drugs Control Administration, Bangalore Rural Circle, Devanahalli, Karnataka, issued a two-day suspension order for a store in Channappa Layout Nelamangala, Karnataka. This order was received on May 27, 2026, and the potential revenue loss is estimated at ₹1.49 lacs.
Furthermore, the Assistant Director of Drugs Control Administration, Bangalore circle-5, Bangalore, Karnataka, has suspended a store's drug license for one day, located at Binny Mill Road Ganganagar, Karnataka. The order was received on May 27, 2026, with a potential revenue loss of ₹0.65 lacs.
These details will be available on the company's website and the websites of BSE Limited and the National Stock Exchange of India Ltd.
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