Medplus Health Services Subsidiary Receives Drug License Suspension Order
Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary of the company, has received a suspension order for a Drug License affecting a store in Karnataka.According to a statement released on March 17, 2026, the Assistant Director, Drugs Control Administration, Hubli Circle, Karnataka, issued an order suspending the Drug License for five days for a store located in Lingaraj Nagar, Karnataka. The order was received on March 16, 2026.
The suspension is based on a violation of Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The company estimates a potential revenue loss of Rs 1.77 lacs due to this suspension.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.