MedPlus subsidiary faces temporary drug license suspension, revenue hit expected
Optival Health Solutions Private Limited, a subsidiary of MedPlus Health Services Limited, has received a suspension order for a drug license. The order pertains to a store located on Mg Road, Chikkamagalore, Karnataka. The assistant director, Drugs Control Administration, Chikkamagalore Circle-Karnataka, issued the fifteen-day suspension.
The order, received on October 10, 2025, relates to Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. MedPlus Health Services Limited anticipates a potential revenue loss of approximately Rs 10.15 lacs as a result of this suspension.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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