Med Plus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for the drug license of a store located in Jadcherla, Telangana. The suspension is for a period of two days. The order was issued by the Assistant Director, Drugs Control Administration, Mahabubnagar, Telangana. The reason for the suspension is cited as a violation under Rule 65 of the Drugs and Cosmetics Act, 1940, and Drugs and Cosmetics Rules, 1945. The company expects a potential revenue loss of ₹0.28 lakh due to this suspension. This information is being disclosed pursuant to SEBI circulars regarding disclosure requirements for material events.
