The Society celebrated its Golden Jubilee in 1970 under the  Presidentship of Shri Dharma Vira, the then Governor of Mysore State. A historical conference and exhibition were organised on  the occasion, with the co-operation of Shri S. R. Rao, Superintending Archaeologist, S. W. Circle,  Aurangabad. The whole function was an admirable success. Shri Dharma Vira the then Governor of the state was immensely  pleased with the high standard Research publications and other  research activities of  the Society being done under the guidance of  its Chairman Sri.R.S.Panchamukhi and wondered why  such an useful Centre   of Research was not supported by the Government. He immediately moved on his own initiative and got sanctioned a sumptuous Building and Equipment Grant. The construction of the building was completed in 1974