Optival Health Solutions Private Limited, a subsidiary of MedPlus Health Services Limited, has received a suspension order for a pharmacy store located in Basaveshwara Nagar, Karnataka. The order mandates a two-day suspension of the drug license for the facility. The company estimates a potential revenue impact of Rs 0.76 lacs due to this temporary closure. The order was received by the company on May 12, 2026.
Details of the Suspension
MedPlus Health Services Limited has reported that its subsidiary, Optival Health Solutions Private Limited, was issued an order affecting one of its retail outlets in Basaveshwara Nagar, Karnataka. The authority, the Assistant Director of the Drugs Control Administration, has ordered a two-day suspension of the store’s drug license. This action stems from an alleged contravention of the Drugs and Cosmetics Act, 1940, and its associated rules.
Financial and Operational Impact
The company confirmed that the suspension order was received on May 12, 2026. While the regulatory action results in a temporary operational halt at the specific site, the financial impact is minimal, with an estimated potential revenue loss of Rs 0.76 lacs. The company continues to monitor the situation and ensures compliance across its wider pharmacy network.
Source: BSE
