Medplus Health Services Limited — Important, 15-02-2025: General Updates

Optival Health Solutions Private Limited, a material subsidiary of MedPlus Health Services Limited, has received suspension orders for its drug licenses at two locations in Karnataka. The store in Vinoba Nagar faces a one-day suspension, while the store at B C Road Bantwal is suspended for two days. The orders were communicated on February 14, 2025, and are related to violations under the Drugs and Cosmetics Act. This could result in a potential revenue loss of approximately Rs 1.04 cr for the Vinoba Nagar store and Rs 0.16 cr for the B C Road store. Investors should monitor this situation closely as it may impact overall operational performance.