YEAR EVENTS 1913 - The company was incorporated at Mumbai. The objects of the company is to manufacture and sale of cloth, yarn and cotton waste. Products manufactured are dhoties, sarees, shirtings, printed poplins, voiles, grey and bleaching long cloth, gadlapat, coatings etc. The company is equipped to perform printing, bleaching, dyeing, calendering, mercerising, yarn dyeing and sanforising operations. Counts ranging from 18s to 80s are spun and the cloth width ranges from 24" to 64". 1943 - Issued 4,000 bonus shares prop. 1:3. 1944 - Issued 10,000 bonus pref. shares prop. 1:1. 1945 - Issued 8,000 Bonus pref. shares prop. 1 equity. 1946 - Issued 8,000 Bonus pref. shares prop. 1 equity. 1949 - Issued 16,000 Bonus equity shares (prop. 1:1), equity shares consolidated. 1960 - Issued 1,600 Bonus equity shares, prop. 1:10. 1961 - Issued 4,400 bonus equity shares prop. 1. 1966 - Pref. dividend increased in 1962. 4,400 bonus equity shares issued in prop. 1:1. in 1966. 1969 - 8,800 Bonus equity shares issued in prop. 1:3. 1974 - 14,080 Bonus Equity shares issued in the prop. 2:5. 1978 - 29,568 Bonus Equity shares issued in the proop. 3:5. 1981 - Pref. shares redeemed on 1st January. 1982 - 19,712 Bonus shares allotted in January in prop. 1:4. 1987 - The general strike by transport workers in December for 3 weeks paralysed the transport of goods. 1995 - The Company scrapped 576 ordinary looms, 96 narrow width draper looms and 15,000 old spindles as a part of major restructuring programme. 1996 - The overall performance of the company was adversely affected due to increase in labour cost, water charges, power tariff and sluggish market conditions. - The Company proposed to hive off the textile division due to continuous operating losses and entered into an agreement with M/s. Oasis Fashion Pvt. Ltd., for sale of textile undertaking. 1997 - Performance of the Company was affected due to tight liquidity situation. 2008 -Company has informed that the Companys email id of the Compliance Officer for registering complaints by investors is as under:vicmill@vsnl.com 2009 --Registered Office of the Company has been shifted from Bharat House, 104, Mumbai Samachar Marg, Fort, Mumbai - 400 023 to Victoria House, Pandurang Bhudhkar Marg, Lower Parel, Mumbai - 400 013. 2011 -The company have recommended dividend of Rs. 50/- per share. 2012 -The company have recommended dividend of Rs. 50/- per share. 2013 -The company have recommended dividend of Rs. 50/- per share. 2014 -The company have recommended dividend of Rs. 50/- per share.