In the interim, Kaushal Sureka, deputy general manager of finance & accounts, shall be in charge of the finance function.

The company said that it is in the process of identifying a suitable replacement and shall inform the stock exchanges in due course, in accordance with the applicable regulations.

Tega Industries is a manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry.

The company reported 56.8% jump in consolidated net profit to Rs 35.35 crore on a 19.7% rise in net sales to Rs 276.19 crore in Q2 FY23 over Q2 FY22.