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CUSAT has earmarked Rs 10 lakh for the renovation work in its budget.
Four persons were killed and at least 60 others were injured in the stampede that occurred before the musical concert by singer Nikita Gandhi.
Justice Devan Ramachandran said the cause of the incident must be found to prevent such incidents from happening.
When classes resumed at the School of Engineering on Thursday, only 10 out of the 1,300 students attended.
Four people were killed in a stampede on Saturday, which was organised without the permission of the authorities.
Kochi City Police Commissioner A Akbar said no official requisition was received from the university for police help.
The possibility of outsiders entering the auditorium during programmes held at night cannot be ruled out.
DCP Sudarsan added that such programmes are very common on the campus and CUSAT officials have not filed any application seeking police force for the event.
The university has suspended the classes at the School of Engineering, for three days.
Four including three students died and nearly 50 were injured in the stampede during a Tech Fest at CUSAT on Saturday night.