The event, organised by the All India Anti-Terrorist Front, is called "Zara Yaad Karo Qurbani", AIATF chief M S Bitta said here.
Bollywood celebrities like Akshay Kumar, Abhishek Bachchan, Suniel Shetty would participate and encourage the children, Bitta said.
Ace tennis player Sania Mirza is also expected to attend, he said.
"The celebrities would administer the pledge to the students to renew the fight against terrorism," Bitta said.
The march to the venue would begin from 26/11 martyr Tukaram Omble's statue in South Mumbai. The late policeman's family members would also be present.
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"We have not learnt lessons from 26/11 and other terror attacks," he said.
Bitta termed the security arrangements in Gujarat as the best in the country. He asked parties not to politicise terror attacks as "those who were killed were common men".
"We have not yet learnt lessons despite assassinations of L N Mishra, Indira Gandhi and Rajiv Gandhi," he said.
"I am going to file a petition in the Supreme Court, seeking to fix blame on concerned individuals, including then senior bureaucrats, for the security lapses which led to the assassinations and other terror acts," Bitta said.