Medplus Health Services Subsidiary Faces Drug License Suspension in Bangalore
Medplus Health Services Limited confirmed that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order regarding one of its drug licenses. The action was initiated by the Assistant Drugs Administration Bangalore concerning a store located in Subramanyanagar Rajajinagar in the state of Bangalore.The suspension pertains to violations committed under Rule 65 of the Drugs and Cosmetics Act, 1940 and the Drugs and Cosmetics Rules, 1945.
Details regarding the regulatory action are as follows:
| Authority Name | Nature of Action Taken | Date Order Received | Alleged Violation | Impact on Financial Operations |
|---|---|---|---|---|
| Assistant Drugs Administration Bangalore | Suspension of Drug License for three days | 01.07.2026 | Rule 65 of Drugs and Cosmetics Act, 1940 and Rules, 1945 | Potential Revenue Loss of Rs 5.13 lacs |
The incident details highlight the operational disruption faced by Optival Health Solutions Private Limited following the order passed by the Assistant Drugs Administration Bangalore.
MEDPLUS Stock Price Movement
Medplus Health Services Limited's stock slipped today by 0.03% to settle at ₹816.95, closing lower after morning trading. The equity recorded a total traded volume of 120,435 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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