MedPlus appoints Shrenik Soni as Company Secretary

1 min read     Updated on 21 Jul 2026, 09:44 PM
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MedPlus Health Services Ltd has appointed Mr. Shrenik Soni as Company Secretary and Compliance Officer (Key Managerial Personnel) effective July 21, 2026. The Board approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Mr. Soni, a Fellow Member of ICSI with an MBA, has over nine years of experience in corporate governance and previously worked with HRV Pharma, SUVEN Life Sciences, and DUKES Group.

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Medplus Health Services appointed Mr. Shrenik Soni as its Company Secretary and Compliance Officer (Key Managerial Personnel) effective July 21, 2026. The appointment was approved by the Board of Directors on the recommendation of the Nomination and Remuneration Committee. Mr. Soni is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and holds an MBA in dual specialization from Osmania University.

Mr. Shrenik Soni brings over nine years of experience in corporate secretarial, legal, and compliance functions across sectors such as pharmaceuticals, manufacturing, and retail. His previous roles include handling board processes, fundraising, ESOPs, regulatory interfaces, and corporate restructuring. Before joining MedPlus, he was associated with HRV Pharma, SUVEN Life Sciences, and DUKES Group as Company Secretary.

The disclosure was made pursuant to Regulation 30 read with Schedule III of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed the necessary details as per the SEBI Master Circular dated January 30, 2026. The appointment is effective immediately from the date of the board meeting.

Particulars Details
Name of the KMP Mr. Shrenik Soni (M. No.: F12400)
Reason for Change Appointment as Company Secretary and Compliance Officer
Date of Appointment July 21, 2026
Qualification Fellow Member of ICSI, MBA
Previous Experience HRV Pharma, SUVEN Life Sciences, DUKES Group

Historical Stock Returns for Medplus Health Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.97%-3.43%-4.77%-0.95%-12.46%-29.22%

How will Mr. Soni's prior experience in the pharmaceutical sector influence MedPlus's regulatory compliance strategy?

Does this appointment signal any upcoming corporate restructuring or capital raising initiatives for the company?

What are the strategic priorities for the compliance function under the new leadership given the evolving SEBI regulations?

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Medplus unit faces drug license suspension orders in Karnataka

1 min read     Updated on 15 Jul 2026, 08:15 PM
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Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services, received suspension orders for drug licenses at three stores in Karnataka due to violations of the Drugs and Cosmetics Act, 1940. The orders, issued by authorities in Bangalore and Belgaum, result in license suspensions ranging from one to two days. The company estimates a total potential revenue loss of ₹1.59 lakh from these regulatory actions.

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Optival Health Solutions Private Limited, a subsidiary of medplus health services , has received suspension orders for drug licenses at three of its stores located in Karnataka. The orders were issued by the Assistant Director of the Drugs Control Administration in Bangalore Circle-3 and Belgaum Circle. The company disclosed that the suspensions were imposed due to violations under the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The financial impact is estimated at a total potential revenue loss of ₹1.59 lakh.

The first order involves the suspension of the drug license for one day for a store situated at the Sarakki JP Nagar Metro Station. The second order also suspends the license for one day for a store located in Jaraganahalli. Both orders were received from the Bangalore Circle-3 authority. The third order, received from the Belgaum Circle authority, suspends the drug license for two days for a store situated at K C Road Chikkodi.

The following table details the specific actions taken and the estimated financial impact:

Authority Nature of Action Date of Receipt Violation Potential Revenue Loss
Assistant Director, Drugs Control Administration, Bangalore Circle-3, Karnataka Suspension of Drug License for one day (Sarakki JP Nagar Metro Station) 14.07.2026 Rule 65 of Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945 Rs 0.77 lacs
Assistant Director, Drugs Control Administration, Bangalore Circle-3, Karnataka Suspension of Drug License for one day (Jaraganahalli) - Rule 65 of Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945 Rs 0.35 lacs
Assistant Director, Drugs Control Administration, Belgaum Circle, Karnataka Suspension of Drug License for two days (K C Road Chikkodi) - Rule 65 of Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945 Rs 0.47 lacs

The disclosure was made in compliance with Regulation 30 read with Para A Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted by Gangadi Madhukar Reddy, Managing Director and Chief Executive Officer of Medplus Health Services Limited. The information is available on the company's website and the exchanges.

Historical Stock Returns for Medplus Health Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.97%-3.43%-4.77%-0.95%-12.46%-29.22%

Will these regulatory violations trigger increased scrutiny from the Drugs Control Administration on other Medplus outlets?

Does the recurrence of Rule 65 violations indicate a need for systemic changes in the company's compliance training programs?

How might repeated regulatory actions affect investor confidence in Medplus Health Services' operational governance?

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1 Year Returns:-12.46%