Legal3 April 2026 at 11:31 am
Medplus Health Services Subsidiary Faces Two-Day Drug License Suspension in Telangana
AI Summary
Medplus Health Services Ltd. has announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for a Drug License of a store situated in the state of Telangana. The suspension is under Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945, due to potential violations. The suspension is expected to result in a financial loss of approximately 0.16 lacs. The company has assured that the details of the matter are available on their website and the websites of BSE Limited and National Stock Exchange of India Ltd.
Key Highlights
- Medplus Health Services subsidiary, Optival Health Solutions Private Limited, receives suspension order for a Drug License
- Suspension is under Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945
- The suspension is expected to result in a financial loss of approximately 0.16 lacs
- The incident occurred at a store situated in Warangal, Telangana
- The company has made the details of the matter available on their website and the websites of BSE Limited and National Stock Exchange of India Ltd.