“The pay to the previous Chairman, Mr Jagatramka who resigned effective from October 26 2013, consisted of base salary of $1,000,000 per annum, superannuation at a prescribed government rate and cost of medical insurance cover for him and his immediate family members along with adequate fully-furnished accommodation and two vehicles of an appropriate standard,” Wollongong Coal said.

The board is still yet to determine and approve a remuneration package for its replacement chairman and CEO Jasbir Singh.

Singh comes from the company’s white knight shareholder Jindal Steel, which owns a 74.42% stake of Wollongong Coal.

Last year the company, back when it was known as Gujarat NRE Coking Coal, revealed that Jagatramka’s base salary had increased by 53% year-on-year to more than $1 million in 2013 through a salary table that was released as part of a Gujarat entitlement issue at the time.

This salary growth came during a year that Gujarat faced several winding up applications over millions in debt.

Gujarat also fell behind in making superannuation payments to its workforce for several months plus failed to make salary payments on time over a difficult period in September-October.