MedPlus Health Services Limited, a leading pharmacy retail and healthcare services company in India, has recently reported a regulatory update concerning its subsidiary, Optival Health Solutions Private Limited. The update involves the temporary suspension of a drug license for one of its stores in Chikkamagalore, Karnataka.

Details of the Suspension

On October 10, 2025, the Assistant Director of Drugs Control Administration, Chikkamagalore Circle, Karnataka, issued a 15-day suspension order for the store situated on MG Road, Chikkamagalore. This action was taken under Rule 65 of the Drugs and Cosmetics Act, 1940, and the corresponding Drugs and Cosmetics Rules, 1945, which govern the operation, sale, and distribution of pharmaceutical products in India.

The suspension impacts the operational capability of the store for the duration of 15 days, potentially leading to a revenue loss of approximately ₹10.15 lakh.

Regulatory Compliance and SEBI Disclosure

As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed companies must report any material events that may affect their operations or financial performance. In line with SEBI Circulars SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 (July 13, 2023) and SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 (December 31, 2024), MedPlus Health Services Limited has formally disclosed this regulatory action to both BSE Limited (Scrip Code: 543427) and National Stock Exchange of India Ltd. (Symbol: MEDPLUS).

The disclosure ensures transparency and timely information dissemination for investors, stakeholders, and regulators.

Financial Impact

The potential revenue loss of ₹10.15 lakh reflects the temporary closure of the store, impacting sales from prescription medicines, over-the-counter products, and other pharmaceutical services provided by the outlet. While this is a short-term operational setback, the company has robust operational mechanisms in place to mitigate any long-term financial implications.

Investors and analysts should note that this suspension affects only one store among MedPlus’ extensive network of retail outlets, and the overall impact on consolidated revenue is limited.

About Optival Health Solutions

Optival Health Solutions Private Limited operates as a subsidiary of MedPlus Health Services Limited, managing selected retail pharmacy outlets. The subsidiary focuses on:

• Ensuring regulatory compliance with state and central drug authorities.

• Delivering efficient pharmaceutical services to local communities.

• Supporting MedPlus’ strategic expansion in southern India.

The regulatory action underscores the importance of strict adherence to licensing norms, a core component of MedPlus’ operational governance framework.

Measures and Mitigation

MedPlus Health Services Limited has acknowledged the suspension and will take appropriate steps to ensure compliance and prevent future occurrences. Measures may include:

1. Internal audits to ensure adherence to drug licensing norms.

2. Employee training programs on regulatory compliance and legal standards.

3. Process improvement initiatives to reduce the risk of procedural lapses in any of its stores.

Such proactive measures are part of MedPlus’ commitment to safeguarding its reputation, investor confidence, and operational integrity.

Broader Implications for Investors

Investors should consider the following:

• The suspension is temporary and limited to a single outlet.

• The financial impact of ₹10.15 lakh is relatively small for the company’s overall scale.

• MedPlus has demonstrated prompt regulatory disclosure, reflecting strong corporate governance practices.

This episode provides an opportunity to evaluate the company’s risk management strategies, its responsiveness to regulatory authorities, and the resilience of its business model in dealing with minor operational disruptions.

Access to Information

The detailed disclosure regarding the suspension is available on the company website: www.medplusindia.com, and also on the official websites of BSE Limited (www.bseindia.com) and National Stock Exchange of India Ltd. (www.nseindia.com).

Investors and stakeholders are encouraged to review official documentation to understand the regulatory context and financial implications of the suspensio

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