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Pellissery won the award for best director while Chemban Vinod bagged the prize for best actor for his performance in the film.
The novel, Lynch's fifth, seeks to show the unrest in Western democracies and their indifference towards disasters such as the implosion of Syria.
He becomes the fifth Irish writer to win the high-profile literary prize, which has propelled to fame countless household names, including past winners Salman Rushdie, Margaret Atwood and Hilary Mantel.
The top seeds will face another Chinese pair in the summit clash.
Workshops will take place in the colleges and other centres under the university for five days in December to discuss the formulation of the new curriculum for all subjects
Deepika Padukone’s 82⁰E, Anita Dongre, Hardik Pandya-backed Aretto, and Wamiqa Gabbi figure among the winners.
The eight-day festival at Goa will conclude on November 28.
The programme titled 'Spirit of India' will be organised at 9:30 am at the YMCA Hall, Chittoor Road, Ernakulam, on Saturday
Marykutty would get Rs 1.2 crore and Jojo Joseph would get Rs 10 lakh in agent's commision.
The first prize of the lottery, which costs Rs 300, is Rs 12 crore