Medplus Subsidiary's Drug Licenses Suspended for One Day in Karnataka

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 Karnataka. The suspension is for one day for stores in Gajendragad and Collegr Road, Gadag. This action was taken by the Assistant Director, Drugs Control Administration, Circle Gadag, Karnataka, under the Drugs and Cosmetics Act, 1940 and Rules, 1945. The company estimates a potential revenue loss of ₹0.32 lacs and ₹0.47 lacs from these two stores due to the suspension. The details will be available on the company's website and stock exchange websites.