Optival Health Solutions Private Limited Received Order for Temporarily Suspending the Operations of Store situated at Prakash Nagar Kurnool District Andra Pradesh, C.B Pura Road and MB Road Kolar, Karnataka for seven days each store
May 05, 2024 at 07:10 am
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MedPlus Health Services Limited Optival Health Solutions Private Limited has received a suspension order from Assistant Director /Drugs Controller under Drugs and Cosmetic Act, 1940 and Drugs and Cosmetics Rules, 1945 temporarily suspending the operations of its store situated at Prakash Nagar Kurnool District Andra Pradesh, C.B Pura Road and MB Road Kolar, Karnataka for seven days each store. Name(s) of the Authority: Assistant Director
and District Sales Licensing Authority, Drugs Control Administration, Kurnool, Andra Pradesh, Assistant Drug Controller and Designated Licensing Officer, Kolar Circle, Kolar, Karnataka and Assistant Drug Controller and Designated
Licensing Officer, Kolar Circle, Kolar, Karnataka; Nature and details of the action(s) taken, initiated or order(s) passed: Temporary suspension of Drug License for seven days of store situated at D. No. 44/4, Prakash Nagar, Kurnool District - Andra Pradesh, Temporary suspension of Drug License for seven days of store situated at Ward No. 31, H Cross Road, C.B Pura Road, Kolar, Karnataka - 563101 and Temporary suspension of Drug License for seven days of store situated at P. No. 430/2, AR No-15/58, Ground Floor, Ward No. 15, Near KEB Office, Opposite UCO Bank MB Road, Kolar, Karnataka - 563101; Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority: Order dated 27.04.2024 received on 04.05.2024, Order dated 18.04.2024 received on 04.05.2024 and Order dated 18.04.2024 received on 04.05.2024; Impact on financial operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Potential Revenue Loss of INR 0.374 million, Potential Revenue Loss of INR 0.101 million and Potential Revenue Loss of INR 0.073 million.
MedPlus Health Services Limited is an India-based omni channel retail pharmacy. The Company is primarily engaged in retail trading of medicines and general items, wholesale cash and carry and pathological laboratory testing services, wholesale trading and manufacturing of pharmaceutical products, fast-moving consumer goods and beauty products. It operates through two segments: Retail and Diagnostics. The Retail segment is engaged in retail trading of medicines and general items. The Diagnostics segment is engaged in the diagnostic services. The Company operates approximately 3,882 stores in 552 cities distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. Its omni-channel platform enables the Company to service its customers through its stores, as well as its online channels. Its subsidiaries include Optival Health Solutions Private Limited, MHS Pharmaceuticals Private Limited, Kalyani Meditimes Private Limited, and others.
Optival Health Solutions Private Limited Received Order for Temporarily Suspending the Operations of Store situated at Prakash Nagar Kurnool District Andra Pradesh, C.B Pura Road and MB Road Kolar, Karnataka for seven days each store