Medplus Subsidiary's Drug License Suspended in Karnataka, Potential Revenue Loss of ₹4.98 Lakhs
Medplus Health Services Limited's subsidiary, Optival Health Solutions, received two drug license suspension orders in Karnataka. The Jayanagar store faces a four-day suspension, and the Srinivasanagar store faces a five-day suspension, both effective from April 16, 2026. Potential revenue loss is estimated at ₹3.68 lacs and ₹1.30 lacs respectively.
The suspension orders are for a limited duration (4 and 5 days) and the total potential revenue loss is ₹4.98 lacs, which is a relatively small amount for the company. However, it impacts operations in Karnataka.
The company's subsidiary has received suspension orders for drug licenses for two stores, leading to potential revenue loss.
Med Plus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, has received two suspension orders for drug licenses of stores located in Karnataka.
The first suspension order is for a store situated at Jayanagar 5th Block, Karnataka, by the Assistant Director, Drugs Control Administration, Bangalore Circle - 3, Bangalore. This suspension is for four days and was received on April 16, 2026. The alleged contravention is under Rule 65 of the Drugs and Cosmetics Act, 1940, and Drugs and Cosmetics Rules, 1945. This is expected to result in a potential revenue loss of ₹3.68 lacs.
The second suspension order is for a store situated at Srinivasanagar Bsk 2nd Stage, Karnataka, by the same authority. This suspension is for five days and was also received on April 16, 2026, for similar alleged contraventions. The potential revenue loss from this suspension is estimated at ₹1.30 lacs.
The company will make these details available on its website and the websites of BSE Limited and the National Stock Exchange of India Ltd.
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