Subsidiary Store License Suspended for Two Days in Karnataka
Medplus Health Services Limited confirmed that one of its subsidiaries, Optival Health Solutions Private Limited, has faced a temporary operational setback concerning a store located in Raichur, Karnataka. The subsidiary's drug license was suspended by the local administration.The action was taken by the Assistant Drugs Administration, Raichur, and resulted in the two-day suspension of the drug license for the store situated at Jain Mandir in Raichur.
The official order for the suspension was received on August 4, 2026. The violation cited for this action fell under Rule 65 of the Drugs and Cosmetics Act, 1940 and the corresponding Rules, 1945.
The temporary business disruption is expected to result in a potential revenue loss of Rs 0.71 lacs for the company.
MEDPLUS Stock Price Movement
Today, Medplus Health Services Limited shares edged higher, closing at ₹690.3 after gaining 1.02%. The stock saw 191,295 shares traded 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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