"The company is in the process of appointing a new chief financial officer and the same will be communicated to the stock exchanges in due course," J B Chemicals & Pharmaceuticals said in a statement.

J B Chemicals & Pharmaceuticals is engaged in the business of manufacturing and marketing of diverse range of pharmaceutical formulations, herbal remedies and active pharmaceutical ingredients (APIs). On a consolidated basis, the company's net profit rose 35.50% to Rs 142.32 crore on 14.19% increase in net sales to Rs 896.20 crore in Q1 June 2023 over Q1 June 2022.