Medplus Subsidiary's Drug License Suspended for 65 Days in Chhattisgarh
Medplus Health Services Limited's subsidiary, Optival Health Solutions, has had a drug license suspended for 65 days for a store in Chhattisgarh. The suspension, effective May 5, 2026, is due to alleged violations of the Drugs and Cosmetics Act. The company estimates a revenue loss of ₹16.00 lacs.
The suspension impacts one store for a period of 65 days, leading to a quantifiable revenue loss of ₹16.00 lacs. While not company-wide, it is a material event for the subsidiary and has a direct financial impact.
The suspension of a drug license for a subsidiary's store and the resulting potential revenue loss indicate a negative development for the company.
Medplus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for a drug license for a store located in Chhattisgarh. The order was issued by the Assistant Drugs Controller, Durg District, Chhattisgarh, suspending the drug license for sixty-five days for the store situated at Santrabadi Durg. This action was taken pursuant to Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945. The company anticipates a potential revenue loss of ₹16.00 lacs due to this suspension. The order was received on May 05, 2026. This information will be available on the websites of Medplus India, BSE Limited, and the National Stock Exchange of India Ltd.
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