He was later released on bail, police said.
Earlier, nine students of the college, including its student editor and editorial panel members, were arrested and let off on bail on June 15.
They had been charged under various sections of the IPC including 153 (wantonly giving provocation with intent to cause riot).
Police registered the case against these students as the magazine was found to have used "objectionable and unsavoury"
The college withdrew the campus magazine on June 16, faced with legal action and protests from BJP.
A meeting of the College Staff Council, which took the decision, also decided to recall the copies of the magazine already distributed to students, college authorities had said.
Sreekrishna College, under the Guruvayur Devaswom, is situated at nearby Ariyannur in Thrissur district.
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