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An update from MedPlus Health Services Ltd. ( (IN:MEDPLUS) ) is now available.
MedPlus Health Services Ltd. has disclosed that its subsidiary, Optival Health Solutions Private Limited, received a three-day suspension order for the drug license of one pharmacy store located at Durga Nagar Colony, Lingojiguda Village in Telangana, issued by the Assistant Director, Drugs Control Administration, Ranga Reddy district. The suspension, imposed under Rule 65 of the Drugs and Cosmetics Act, 1940 and related rules, is expected to result in a potential revenue loss of Rs 2.94 lakh, suggesting a limited financial impact at the group level but highlighting ongoing regulatory scrutiny that could influence operational compliance and oversight practices across its wider store network.
More about MedPlus Health Services Ltd.
MedPlus Health Services Ltd. operates in the healthcare and retail pharmacy sector in India, primarily through its subsidiary Optival Health Solutions Private Limited. The company runs a network of pharmacy stores, with a strong presence in states such as Telangana, focusing on retail distribution of drugs and healthcare products to consumers.
Average Trading Volume: 21,235
Technical Sentiment Signal: Hold
Current Market Cap: 92.94B INR
For a thorough assessment of MEDPLUS stock, go to TipRanks’ Stock Analysis page.