
Legal25 Jun 2026, 05:40 pm
Medplus Subsidiary's Drug License Suspended for One Day in Karnataka
AI Summary
Medplus Health Services Ltd announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for a Drug License for a store located in Chikkamagaluru, Karnataka. The suspension is for a single day, effective from June 24, 2026. This action was taken under Rule 65 of the Drugs and Cosmetics Act, 1940 and Rules, 1945. The company estimates a potential revenue loss of approximately ₹0.46 lacs due to this temporary suspension. The details of the order will be available on the company's website and stock exchange websites.
Key Highlights
- Subsidiary's drug license suspended for one day in Karnataka.
- Action taken by Drugs Control Administration, Chikkamagaluru.
- Estimated revenue impact of ₹0.46 lacs.
- Order issued under Drugs and Cosmetics Act, 1940 and Rules, 1945.
Price Impact
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