MedPlus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, received a drug license suspension order for a store located in Raichur, Karnataka. The suspension is for a period of two days, effective 04.08.2026. The company estimates a potential revenue loss of ₹0.71 lacs due to this temporary operational halt. This action is in accordance with the Drugs and Cosmetics Act, 1940 and Rules, 1945.
Operational Update: Drug License Suspension
MedPlus Health Services Limited has disclosed an update regarding its subsidiary, Optival Health Solutions Private Limited. The company’s subsidiary received an order for the suspension of a Drug License for one of its stores situated in Raichur, Karnataka. The suspension is slated to be in effect for a period of two days.
Details of the Order
The order was issued by the Assistant Director, Drugs Control Administration, and was received on 04.08.2026. The store in question is located at Jain Circle, Mandir Raichur, Karnataka. The suspension is attributed to alleged violations or contraventions under the relevant regulations.
Financial Impact
The company has quantified the potential financial impact of this temporary suspension. The estimated Potential Revenue Loss is reported to be ₹0.71 lacs. This measure aligns with the provisions under Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945.
Source: BSE
