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Vallathol Award is instituted by Vallathol Sahithya Samithi in memory of Mahakavi Vallathol Narayana Menon. The award, one of the main Malayalam Literary Awards, is given to the Malayalam writers for his contribution to the language. Vallathol Puraskaram includes a memento and the prize money amount of Rs 1, 11, 111. The first winner of Vallathol Award was Mahakavi Pala Narayanan Nair in 1991 and the recent winner of Vallathol Award 2010 was renowned poet and writer Vishnunarayanan Namboothiri. 
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