Allowing the petitions of Ayyanar and Saravanan of Pulianthope here, Justice P Devadass directed them to execute a bond of Rs 10,000 each to the satisfaction of the Metropolitan Magistrate, Egmore.
He also ordered them to report to the jurisdictional police station every day at 10.30 am until further orders.
The duo was arrested in connection with damaging two statues of Gandhi in the wee hours of February 28 amid protests over the Congress stand against release of convicts in the assassination of the former premier.
After hearing the arguments, the Judge granted bail to the accused.