Legal24 Jun 2026, 05:50 pm
Medplus Subsidiary's Drug Licenses Suspended for 7 Days
AI Summary
Medplus Health Services Ltd announced that its subsidiary, Optival Health Solutions Private Limited, has received two suspension orders for drug licenses of stores located in Andhra Pradesh. The suspensions are for seven days each, affecting stores in East Godavari and Kurnool & Nandyal districts. The company cited violations under the Drugs and Cosmetics Act, 1940 and Rules, 1945. The potential revenue loss is estimated at ₹1.92 lacs for one store and ₹1.00 lac for the other. The details of these orders will be available on the company's website and stock exchanges.
Key Highlights
- Subsidiary's drug licenses suspended for seven days.
- Two stores in Andhra Pradesh affected by the suspension.
- Potential revenue loss estimated at ₹2.92 lacs.
- Violations cited under Drugs and Cosmetics Act.
- Disclosure made as per SEBI Listing Regulations.
Price Impact
More from MEDPLUS