PG Electroplast (PGEL) announced that it 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.