Update under Regulation 30 read with Para A Part A of Schedule III of SEBI (Listing Obligations and Discloure Requirements) Regulations, 2015
MEDPLUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services, has received a suspension order for a Drug License of one store located at Clock Tower Virajpet, Karnataka. The suspension was issued by the Assistant Director, Drugs Control Administration, Madikeri Circle, Karnataka for a period of three days. The order was received on May 14, 2026. The action was taken under Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945. The company estimates a potential revenue loss of Rs 1.34 lakhs due to this suspension.
This is a minor regulatory event affecting only one store for three days with a small estimated revenue impact of Rs 1.34 lakhs. The overall financial impact on Medplus Health Services is negligible, though it highlights regulatory compliance risks for pharmacy retail operations.