Kaul died Wednesday morning at his residence here, following prolonged illness. He was 66. The event will be held in Mumbai from July 15-31 and Kaul's film will be screened July 29.
"The whole idea of the festival is to showcase first and second works by pathbreaking directors. Mani Kaul's films were a major part of that list, but now those two screenings will pay homage to his genius," Pranav Ashar, president of the Taj Enlighten Film Society, said in a press statement.
Post the film screenings, some of Kaul's associates from the industry will pay tribute to his works in a discussion.
Kaul won the Filmfare Critics Award for best movie for four films - "Uski Roti", "Ashad Ka Ek Din", "Duvidha" and "Idiot".
In 1989, he won a national award for his documentary "Siddheshwari".