This is a five day Mahotsava celebrated in the Hindu lunar month of Ashwin corresponding with September – October. It is called the Devi Panchratra Mahotsava. It is held every year in the temple of Madhumati Shyamala, who is considered to be the Adi-Shakti of Lord Dattatreya.

On the first day of the Utsava i.e. Lalita Panchami, Shreeji performs Punyahavachanam, Matruka Poojan and Nandi Shraddha. Mahapooja to the Samadhi of Devi Venkamma and the Shrichakra worshipped by Shri Martand Manik Prabhu is performed with great religious fervor. Kumkumarchana with the thousand names of the Devi is also performed followed by Naivedya, Aarati and Mantrapushpa.

In the evenings a special Pradosha Pooja followed by Kumari Poojan is performed. 9 Girls below the age of 12 are worshipped with due respect. Their feet are washed and they are offered with special gifts. Bhajans are sung in the glory of the divine mother.

On the last day of the Utsava i.e. Mahanavami a special Chandi Homa is performed by Shreeji amidst chanting of the Durga Saptashati. Bali is offered to the Devi and thus concludes the Pancharatra Mahotsava.