Optival Health Solutions Private Limited, a subsidiary of MedPlus Health Services Limited, has received a suspension order for a pharmacy store located in Virajpet, Karnataka. The regulatory action mandates a three-day closure of the outlet. The company has identified a potential revenue impact of approximately Rs 1.34 lacs resulting from this brief operational halt. The suspension stems from an alleged contravention of local pharmacy regulations.
Regulatory Action Details
On May 14, 2026, Optival Health Solutions Private Limited received an order from the Assistant Director of Drugs Control Administration in Madikeri, Karnataka. The authority has imposed a three-day suspension of the drug license for the company’s retail outlet situated at Clock Tower, Virajpet. This action was taken in connection with alleged non-compliance under the Drugs and Cosmetics Act.
Financial and Operational Impact
The temporary closure of the Virajpet store is expected to cause a minor financial impact on the organization. Management has estimated a potential revenue loss of Rs 1.34 lacs during the duration of the suspension. Despite this localized impact, the company maintains that it continues to focus on strict operational compliance across its national network of stores.
Source: BSE
