Subsidiary of Medplus Health Services Limited Receives 10-Day Drug License Suspension Order
Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited, has received an order suspending its Drug License for one store located in Pune. The suspension relates to operations conducted at Chowk Saswad Pune and was issued by the Licensing authority of the Food & Drug Administrations in Maharashtra.The action taken involves the temporary suspension of the license for 10 days. This regulatory measure stems from alleged violations under Rule 65 of Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945.
Details regarding the disciplinary action against the subsidiary are presented below:
| Authority | Action Taken | Date of Order Receipt | Financial Impact |
|---|---|---|---|
| Asst. Commissioner & Licensing authority, Food & Drug Administrations, MH, PUNE Mr. R.V.PONGALE . | Suspension of Drug License for 10 days of store situated at Chowk Saswad Pune | June 20, 2026 | Potential Revenue Loss of Rs 2.68 lacs. |
The licensing authority issued the order on June 20, 2026. The reported potential revenue loss directly attributable to this suspension stands at Rs 2.68 lacs.
MEDPLUS Stock Price Movement
Shares of Medplus Health Services Limited slipped by 0.69%, closing at ₹844.45 on Friday. The stock traded within a day's range of ₹840.75 and ₹854.95, with 74,427 shares being transacted.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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