Victoria Mills Limited, established in January 1913, is a company involved in the production and sale of various textile products, including dhotis, sarees, shirting, printed poplin, and more. The company manufactures these products utilizing a range of operations such as dyeing, calendaring, and yarn dyeing, with spun counts from 18s to 80s and cloth widths between 24 to 64 inches.
Primarily serving the local market, Victoria Mills is also considering the potential to export value-added fabrics. In April 2002, the company underwent a Demerger, resulting in the creation of Galactic Enterprises Ltd. Shareholders of Victoria Mills received ten shares of the new entity for each share owned, as per the High Court-approved scheme. This strategic move could potentially impact the company's market dynamics and shareholder value.
