MedPlus subsidiary Optival Health Solutions received a 3-day drug license suspension order for one store in Hubli, Karnataka.
The order was issued by Karnataka's Drug Control Administration for alleged violations under the Drugs and Cosmetics Act, 1940.
The company estimates potential revenue loss of ₹0.97 lakhs from the temporary suspension of operations.
This regulatory filing discloses the material event as required under SEBI Listing Regulations.