Medplus Subsidiary Receives Three Drug License Suspensions in Karnataka
Med Plus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, has received three suspension orders for drug licenses of stores located in Karnataka. The ord...
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Why is Medplus Health Services Limited in the news today?
Medplus Health Services Limited (MEDPLUS) is in the news due to the company's subsidiary has received suspension orders for drug licenses, which is a negative development impacting its operations and potentially revenue.
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Medplus Subsidiary Receives Three Drug License Suspensions in Karnataka
December 24, 2025, 01:43 PM
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Med Plus Health Services Limited announced that its subsidiary, Optival Health Solutions Private Limited, has received three suspension orders for drug licenses of stores located in Karnataka. The orders were issued by the Assistant Director of the Drugs Control Administration in Bangalore Circle-3 and Haveri Circle.
The suspension impacts stores in Jayanagar 9th Block and T R Nagar for three days each, and a store in Shiggon Haveri for three days. The orders were received on December 23, 2025, and are related to alleged violations under Rule 65 of the Drugs and Cosmetics Act, 1940, and Drugs and Cosmetics Rules, 1945.
The potential financial impact from these suspensions is estimated at ₹2.29 lacs for the Jayanagar store, ₹0.53 lacs for the T R Nagar store, and ₹0.42 lacs for the Shiggon Haveri store, representing a potential revenue loss. The company will make these details available on its website and the websites of BSE and NSE.
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