
Legal2 Jul 2026, 03:39 pm
Medplus Subsidiary's Drug License Suspended for 3 Days in Bangalore
AI Summary
Medplus Health Services Ltd's subsidiary, Optival Health Solutions Private Limited, has received a suspension order for a drug license for a store located in Subramanyanagar, Rajajinagar, Bangalore. The suspension is for a period of three days, effective from July 1, 2026. This action was taken by the Assistant Director, Drugs Control Administration, Bangalore Circle-1, under Rule 65 of the Drugs and Cosmetics Act, 1940, and Rules, 1945. The company anticipates a potential revenue loss of approximately ₹5.13 lacs due to this suspension. The details of the order will be made available on the company's website and stock exchange websites.
Key Highlights
- Subsidiary's drug license suspended for three days.
- Suspension impacts a store in Bangalore.
- Potential revenue loss estimated at ₹5.13 lacs.
- Action taken by Drugs Control Administration.
Price Impact
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