Additional District and Session Court Judge K M Balachandran held two of them guilty and convicted them under sedition charges of Section 124(A) of IPC.
The duo and three others were also held guilty under Section 120 (B) criminal conspiracy.
"The prosecution has proved the charges against the first five accused", the Judge said, while cancelling their bail and directing police to take them to prison.
All the 17 accused were present in court.
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The court then posted the case for hearing on the matter of sentencing to tomorrow.
The second accused Abdul Rasik and third accused Ansar Nadvi were found guilty of sedition, while first accused P A Shaduly, fourth accused Nizamuddin and fifth accused Shammin were convicted under Sect 120 (b).
The prosecution case was a Sub-Inspector of Binnanipuram in the district had received information that the accused had assembled unlawfully at a hall in Pannayikulam and made inflammatory speeches.
Books and pamphlets which were pro-Pakistan and anti-government, seditious and provocative in content with a view to create religious animosity were seized from them, it was stated.
The case was first probed by state police and later handed over to National Investigation Agency, which filed a charge sheet in December 2011.
The charges were framed by the court in June 2014 and trial commenced on July 2014.
The prosecution completed arguments on March 2015.