MedPlus Health Services announced that its subsidiary, Optival Health Solutions Private Limited, received two orders suspending the Drug License for two separate retail stores located in Davanagere, Karnataka. The suspensions are for five days and seven days, respectively. The company has quantified the potential impact of these temporary closures, estimating a combined revenue loss of Rs 4.19 lakhs across both incidents, based on preliminary operational assessment.
Retail Operations Update in Karnataka
MedPlus Health Services Limited is informing the exchanges regarding administrative actions taken against two of its retail pharmacy locations in Karnataka by the Assistant Director, Drugs Control Administration, Davanagere Circle. The entity affected is the subsidiary, Optival Health Solutions Private Limited.
Details of License Suspensions
Two separate enforcement actions resulted in the temporary suspension of the Drug License for two distinct stores. The orders were received by the company on February 20, 2026:
- The first store, located at Vinobha Nagar, Karnataka, received a suspension order effective for five days.
- The second store, located at KSRTC Davanagere, Karnataka, received a suspension order effective for seven days.
These actions were reportedly initiated under Rule 65 of the Drugs and Cosmetics Act, 1940, and associated Rules.
Financial Impact Assessment
The management has assessed the potential financial repercussions stemming from these operational halts. Although the exact impact is contingent on several internal factors, the company has provided preliminary estimates for potential revenue loss:
- Potential Revenue Loss for the five-day suspension is estimated at Rs 1.40 lacs.
- Potential Revenue Loss for the seven-day suspension is estimated at Rs 2.79 lacs.
The combined estimated potential revenue loss across both incidents totals Rs 4.19 lacs. The company confirms that this situation does not currently constitute a quantifiable impact on the overall financial operations or activities of the listed entity beyond these specific retail locations.
Source: BSE
