Medplus Subsidiary's Store Receives Five-Day Drug License Suspension in Karnataka

Medplus Subsidiary's Store Receives Five-Day Drug License Suspension in Karnataka

Medplus Subsidiary's Store Receives Five-Day Drug License Suspension in Karnataka​

Medplus Health Services Limited reported that its subsidiary, Optival Health Solutions Private Limited, received a suspension order for a drug license pertaining to a store located in Karnataka.

The suspension order was issued by the Assistant Director, Drugs Control Administration, Circle-3 Bangalore, Karnataka, following alleged violations under the Drugs and Cosmetics Act, 1940 and the Drugs and Cosmetics Rules, 1945.

The order, received on April 21, 2026, mandates a five-day suspension of the Drug License for the store situated at 24th Main 4th T Block, Jayanagar, Karnataka.

The following table details the action taken, the violation, and the potential financial impact on the subsidiary's operations.

Authority NameAction TakenOrder DateViolation DetailsFinancial Impact
Assistant Director, Drugs Control Administration, Circle-3 Bangalore, KarnatakaSuspension of Drug License for five days of store situated at 24th Main 4th T Block Jayanagar, Karnataka.21.04.2026Under Rule 65 of Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945.Potential Revenue Loss of Rs 5.39 lacs.

MEDPLUS Stock Price Movement​

Today, Medplus Health Services Limited shares edged higher to close at ₹890.7, marking a gain of 1.53%. The stock saw brisk activity, settling today on a total volume of 88,412 shares.
 

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