Medplus Subsidiary's Karnataka Store Drug License Suspended for 2 Days
Medplus Health Services Limited's subsidiary, Optival Health Solutions Private Limited, had a drug license for a store in Karnataka suspended for two days. The suspension, effective from May 12, 2026, is expected to result in a revenue loss of approximately ₹0.76 lacs.
The suspension is for only two days and affects a single store, with an estimated revenue loss of ₹0.76 lacs, which is a minor financial impact for the overall company.
The drug license of a subsidiary's store has been suspended, which is a negative event for the company's operations and financial performance.
Medplus Health Services Limited has announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for the drug license of one of its stores located in Karnataka. The suspension is for a period of two days, affecting the store situated at Basaveshwara Nagar, Karnataka.
The order was received on May 12, 2026, from the Assistant Director, Drugs Control Administration, Hospet Circle, Vijaynagar, Karnataka. The action was taken in accordance with Rule 65 of the Drugs and Cosmetics Act, 1940, and Drugs and Cosmetics Rules, 1945.
The company estimates a potential revenue loss of ₹0.76 lacs (76,000 rupees) due to this two-day suspension. This update is being provided in compliance with Regulation 30 read with Para A Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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