PG Electroplast soras on signing agreement with PAX India
PG Electroplast is currently trading at Rs. 559.20, up by 18.55 points or 3.43% from its previous closing of Rs. 540.65 on the BSE.
The scrip opened at Rs. 541.95 and has touched a high and low of Rs. 573.80 and Rs. 534.25 respectively. So far 758805 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1054.95 on 06-Jan-2025 and a 52 week low of Rs. 471.15 on 14-Aug-2025.
Last one week high and low of the scrip stood at Rs. 573.80 and Rs. 471.15 respectively. The current market cap of the company is Rs. 16051.70 crore.
The promoters holding in the company stood at 43.72%, while Institutions and Non-Institutions held 31.11% and 25.17% respectively.
PG Electroplast (PGEL) has signed a definitive agreement with PAX India, a subsidiary of PAX Global Technology, to manufacture Point-of-Sale (POS) devices in India. Under the arrangement, PGEL will manufacture PAX-branded POS devices at its existing facilities, with production slated to begin by the end of this year. This agreement marks PGEL’s entry into the payments and financial technology hardware segment, expanding its presence beyond consumer electronics into high-growth digital infrastructure solutions.
The collaboration strengthens PAX India’s leadership position by enabling greater localization, efficiency, and scale. It also supports the Government of India’s ‘Make in India’ and ‘Digital India’ missions, ensuring world-class POS devices are manufactured locally to meet the nation’s growing demand for secure and reliable electronic payment solutions.
PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India.
