StockWatch
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Pharmacy Retail
Legal31 Jul 2026, 06:00 pm

Medplus Subsidiary's Drug License Suspended in Telangana

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 in Telangana. The suspension is for five days and is due to a violation under the Drugs and Cosmetics Act, 1940 and Rules, 1945. The company estimates a potential revenue loss of ₹2.34 lacs from this 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 five days in Telangana.
  • Violation cited under Drugs and Cosmetics Act, 1940.
  • Estimated revenue impact of ₹2.34 lacs.
  • Order received on July 30, 2026.