Medplus Health Services Limited — Important, 05-01-2025: General Updates

Optival Health Solutions Private Limited, a material subsidiary of MedPlus Health Services, has received a suspension order for its drug license at a store in Andhra Pradesh, following an order from the District Sales Licensing Authority. The suspension will last for seven days and was received on January 4, 2025. This action is in response to violations outlined under the Drugs and Cosmetics Act and the associated Rules. The potential revenue loss from this suspension is approximately ₹3.85 crore. Investors should monitor this situation closely as it may impact the company's operations in the region.