StockWatch
·
Pharmacy Retail
Legal5 Aug 2026, 07:01 pm

Medplus Subsidiary's Drug License Suspended for 2 Days in Karnataka

AI Summary

Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services Ltd, has received a suspension order for its Drug License for a store located in Raichur, Karnataka. The suspension is for two days and is due to alleged violations of Rule 65 of the Drugs and Cosmetics Act, 1940 and Rules, 1945. The company anticipates a potential revenue loss of approximately ₹0.71 lacs as a result of this action. The details of the order have been made available on the company's website and stock exchange websites.

Key Highlights

  • Subsidiary's drug license suspended for two days in Karnataka.
  • Action taken by Drugs Control Administration, Raichur Circle.
  • Potential revenue impact estimated at ₹0.71 lacs.
  • Violation pertains to Drugs and Cosmetics Act, 1940 and Rules, 1945.