Optival Health Solutions Private Limited, a subsidiary of MedPlus Health Services Limited, has received three orders suspending its drug licenses for individual stores located in Karnataka. These suspensions are for one-day durations and stem from alleged violations of the Drugs and Cosmetics Act, 1940, and associated rules. The company has estimated potential revenue losses of approximately ₹0.24 lakh, ₹0.17 lakh, and ₹0.23 lakh due to these temporary closures.
Subsidiary Receives Suspension Orders
MedPlus Health Services Limited has announced that its subsidiary, Optival Health Solutions Private Limited, has been issued three separate orders for the suspension of drug licenses for stores located in Karnataka. These suspensions, each for a duration of one day, are a result of alleged violations concerning the operation of these retail outlets.
Details of Suspensions and Estimated Impact
The orders were received on August 5, 2026. The first suspension pertains to a store situated at Ashram Road, Vijayapura, Karnataka, impacting operations on a specific date. The second order relates to a store in Sindagi, Karnataka. The third suspension affects a store located at Hanuman Talkies Road, Raichur, Karnataka.
These actions are reportedly under Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The company has quantified the potential financial impact, estimating a revenue loss of ₹0.24 lakh from one store, ₹0.17 lakh from another, and ₹0.23 lakh from the third affected outlet. These figures represent the anticipated impact on financial operations for the specific days of suspension.
Source: BSE
