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The death of 22 people in a boat accident at Tanur in Malappuram is the latest tragedy in a series that goes back over a decade.
The two were students of Government Engineering College, Sreekrishnapuram.
Gautam Krishna had gone missing while taking a bath in the Kayamkulam canal to the west of Choolatheruvu.
The deceased is Eroor native K M Manesh, son of Mani and Shantha.
Chief Minister M K Stalin, conveying his condolences to the bereaved, announced a solatium of Rs 2 lakh to each of the families of the five deceased.
The deceased have been identified as Lijo Jose (34) and his son Nebin Jose (4).
At least two children with Canadian passports were among the victims, said Police.
The disaster struck a day before Nidin's wedding on Wednesday when he visited Kandassankadavu to meet a friend.
Murugan of Charuvuvila House at Venganoor got trapped in the waters while he was cleaning up the irrigation canal which was filled with garbage.
In her address, JNU vice-chancellor Prof Santishree Dhulipudi Pandit said the Indian economy remained a boy's club.