Swiss Military Consumer Goods Ltd

Swiss Military Consumer Goods Ltd. (Erstwhile Network Ltd) was incorporated on 25 Jan.89 as the Company acquired its present name in Nov.90. The company is engaged in Trading Investment in Capital Market and Futures Options segment. The company has a collaboration with Canon, Japan, and Medison Company, South Korea, for transfer of technology. The company came out with a public issue of partly convertible debentures in Jan.92 to meet longterm working capital requirements.In Jan.94, the company received the ISO 9001 quality certification from RWTUV, Germany, for its design, manufacturing, purchasing, training, sales, marketing and service functions. The company has decided in 95=96 that the business of health care equipments would be focussed through specific jointventure with M/s Picker Inc, USA on 50:50 basis, In 19992000, the Company issued and allotted 55,75,000 Equity Shares of Rs. 10/ each at a premium of Rs. 35/ per share on preferential basis to Promoter Group Associate Companies with the intention of extinguishing the outstanding Liabilities to the maximum extent possible.During the year 200405, PPS Towers Private Limited acquired 9,014,152 equity shares from HCL Peripherals Ltd., through Share Purchase Agreement dated 19th November, 2004 constituting 74.99% of the total, issued, subscribed and paid up capital of the Company and 3451equity shares from the Resident Indian Public through Open Offer dated 29.12.2004 made to the Shareholders of the Company. With such acquisition PPS Towers Private Limited become the Holding Company of Network Limited.The name of Company was changed from Network Ltd to Swiss Military Consumer Goods Ltd. effective from March, 2020.