The programme will be held on the evening of the third day's play of the scheduled India-Sri Lanka Test here.
The cricketers from the island nation have also been invited for the programme.
The entire proceeds of the event will go for the treatment of cancer-affected children, former India opener Arun Lal, who himself battled jaw cancer but recovered after a 14-hour surgery, told PTI.
"The players will share some interesting anecdotes and speeches and it will be full of entertainment."
The 62-year-old said the BCCI should also get involved in the programme as it would also mark the 225 years of cricket in India.
Talking about the unique celebration, at CC&FC which was founded in 1792 and is the oldest cricket club after MCC, Lal said: "It's a matter of pride for us."
The programme is in association with Tata Medical Centre, said Lal, who is a beneficiary of the hospital.
"They have done a fabulous job. I'm grateful to them for my treatment. I'm absolutely fine now," Lal said.
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