On April 16, 2019, the company completed the merger of Spring Air Bedding Company (India) Ltd. (“Spring Air” or “Transferor Company”) on 18.06.2020 (date of on which the certified true copy of order of Hon’ble NCLT Mumbai was filed to ROC). The deal is structured as share swap transaction. The company has issued and allotted 1,69,868 (One Lakh Sixty Nine Thousand Eight Hundred Sixty Eight) equity shares of 5/-(Rupees Five) each to the eligible shareholders of the transferor company who were holding shares as on the record date i.e. 24th July, 2020, which constitute 0.46% of the total paid up capital of the company, ranking pari-pasu in all aspects with existing Equity shares of the Company, in the ratio of 331:1 (for every 331 fully paid-up equity shares of the face value of 10/- (Rupees Ten) each held in the transferor company, 1 (one) fully paid-up equity shares of 5/- each in the capital of the Company on August 3, 2020.

• Total additional Investments made in the Mutual Funds during the year is Rs. 16.56 (Cr.)
  

• The company has acquired the license rights of Spring Air and Englander brands which are premium luxury brands in the global market which would improve the penetration in the luxury segment of the company.
• The company has evolved so much in the last 10 years and now manufactures mattresses in 126 different configurations. Pan-India, and have partnered with a network comprising more than 10,000 dealers.
• According to Statista Research Department, the market value of the e-commerce industry in India was approximately U.S $22 Bn in FY18. This number was estimated to reach U.S$ 200Bn.by FY27 and the company is building their online presence through their e-commerce website which increase their brand awareness in e-commerce market of India. 

• The total revenue of company is constantly decreasing 11% year on year (y-o-y) and the net profit is decreasing 29% y-o-y since last 4 financial years, company is diversifying their business innovating new products and creating new subsidiary which is good but because of this their main revenue is affected. 

• The sleeping mattress market for India was valued at $2224.6 Mn in FY19 and is projected to reach $3,454.5Mn. by FY27, registering a CAGR of 8.6%. The numbers clearly states the increasing demand of mattress in Indian market, which provides multiple expansion opportunities to the company. 
• The Indian market is observing an increase in the demand in customized mattresses, and major players in the market have already started to level-up their games. Today, mattresses come in all shapes, sizes, and designs to suit windows, yachts, bolsters, and for added products like L-cushions, chair cushions, and T-cushions.  A fact about the Indian mattress industry is that 30 % of the customers in India go for customized mattresses, whereas this number is only five percent for the customers abroad.
• According to a report published by IAMAI and Kantar Research, Indian internet users are expected to reach 900 Mn by FY25 from 622 Mn internet users in FY20, increasing at a CAGR of 45% until 2025 and the e-commerce sales in India reached US$ 4.6 Bn. in October 2021. So it will be a great opportunity for the company to build their online presence through running online campaigns, contests or magazines to increase their brand awareness.
  

• Indian mattress Industry may dive into deep loss if the retail sector stays in bad condition for longer. The industry believes in to find and look for ways to turn a weakness into an opportunity. So, the industry is doing it in the following manner.
• Counterfeiting is one of the major restraints of the market, which is destroying the brand image of original products, as the counterfeiters sell damaged, rejected, or fake mattresses under the name of brand to gain good profit. Hence the sold product do not last longer period and end up tarnishing the brand image. 
• Bleeker outlook of consumers on their financial conditions is a big threat during the time of Covid-19. To deal with financial stress, the mattress companies are exploring EMI options for not only industries but also for smaller standalone.
•  Lack of consumer awareness and transportation is also a major threat because long-distance warehousing of these items becomes infeasible. Though the industry is dealing with these challenges by shifting from retail to e-commerce.