Vinayan was supposed to release the film on July 30, after getting a certificate from the Censor Board, however Kerala Film Chamber ceased the release alleging that the film director did not contain the promotion permission certificate from the Chamber. Vinayan has actually requested the Chief Minister to delve in to the matter.
Yakshiyum Njanum has several newcomers like Goutham and Meghna Nair in the lead roles. Jubil Raj, the son of late actor Rajan P. Dev plays the villain, while experienced actor Thilakan has a significant role of an astrologer called Narayanji. Sajan Madhav, the son of established music director Raveendran, debuts as the music composer for this film.