
Legal1 Jul 2026, 06:00 pm
Medplus Subsidiary's Drug License Suspended for 2 Days in Karnataka
AI Summary
Medplus Health Services Ltd announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for the drug license of a store located in Davanagere, Karnataka. The suspension is for two days, from June 30, 2026, and is due to alleged violations under the Drugs and Cosmetics Act, 1940. The company estimates a potential revenue loss of Rs 0.80 lacs as a result of this temporary suspension. The details of the order are available on the company's website and stock exchange websites.
Key Highlights
- Subsidiary's drug license suspended for two days in Karnataka.
- Order issued by Drugs Control Administration, Davanagere Circle.
- Potential revenue loss estimated at Rs 0.80 lacs.
- Action taken under Drugs and Cosmetics Act, 1940.
Price Impact
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