The festival in this temple is celebrated in the month of Kumbham February–March, uthrittathi-kodiyettu, thiruvathira -aarattu), and lasts for seven days, All those days are important according to the traditional rituals, (Utsavabali, Koodi ezhunnallathu, Bharani, Karthika, Araattu).

Other deities are, Lord Ganapathi, Varahamoorthy, Durgadevi, Rakshassu, Chovva bhagavathi, Nagaraja, Nagayakshi, Ayyappa.

Recently performed devaprasana led by late legend Sri Chorodu Narayanappanicker and his team found that, the temple is more than 1000 years old, deity likes arts performance, annadanam, etc.

The temple is under the administration of three ancient Kaimal families named Kozhisseril, Payippattu, Mullakkeril.

Much history surrounded the temple premises, according to the old people this place was known as Pandavar Veli, later it became Panavally.