Medplus Subsidiary's Karnataka Store Drug License Suspended for 3 Days
Medplus Health Services Limited's subsidiary, Optival Health Solutions Private Limited, has had its drug license for a store in Mandya, Karnataka, suspended for three days. The suspension, effective from March 21, 2026, is due to alleged violations of the Drugs and Cosmetics Act. A revenue loss of ₹0.37 lacs is anticipated.
The suspension is for a single store for only three days, and the estimated revenue loss is minimal (₹0.37 lacs), indicating a low impact on the overall financial performance of the company.
The drug license of a subsidiary's store has been suspended, which is a negative development for the company's operations and potentially its revenue in the short term.
Medplus Health Services Limited 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 pertains to the store situated at Guthal Road, Mandya, Karnataka, and is for a period of three days. The order was received on March 21, 2026, from the Assistant Director, Drugs Control Administration, Mandya Circle - Mandya, Karnataka.
This action was taken pursuant to Rule 65 of the Drugs and Cosmetics Act, 1940, and Drugs and Cosmetics Rules, 1945. The company estimates a potential revenue loss of ₹0.37 lacs (37,000 rupees) due to this suspension. The details of this matter will be made available on the company's website and the websites of BSE Limited and the National Stock Exchange of India Ltd.
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