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The accident occurred around 5 am and deceased was identified as Francis, a native of Chethi Kakkari.
The Sri Lankan Navy had arrested 32 Indian fishermen and seized their trawlers for allegedly poaching in the island nation's waters in three separate incidents.
The 27 sheds gutted in fire had stood on Forest Department's poramboke.
Fishermen lost lots of nets, fish boxes and other utensils used for fishing.
Majeed, of Chirappuram House in Thiruvazhiyode, won the first prize of Rs 1 crore on ticket number FX492775 and Rs 8,000 each for four other tickets of the same number but a different series.
It was two days ago that the fishermen left Munambam near Azhikode for fishing and became stuck in the sea after the fin of their boat 'Albhutha Matha' suffered damage and water began spilling in.
The rescue operations were too risky due to the heavy rain, wind and rogue waves
Susan Marian from Kanyakumari, who fell off 'Al Tayer' boat that went for fishing from Beypore harbour, survived in the sea paddling with his hands and legs.
The boat carrying seven people overturned around 5 pm on Thursday.
Three men managed to stay afloat by holding on to drinking water cans.