The agreement to call off the strike was reached at a meeting called by Education Minister C Raveendranath with representatives of Academy Management and agitating students.
After the meeting, Raveendranath announced that classes would start from February 13.
Government has assured that a new principal would be appointed as per the guidelines of the University.
Jubilant students said that they were calling off the strike as their main demand has been accepted.
Academy Director N Narayanan Nair, who is also the father of Lekshmi Nair and a close relative of a former CPI(M) MLA, said issues have been sorted out and new principal would be appointed.
Congress leader K Muraleedharan, MLA, and BJP state secretary V V Rajesh who were on fast stir in front of the Academy at nearby Peroorkada to express solidarity with striking students also ended their stir.
KPCC President V M Sudheeran said it was victory for students and a setback to the CPI-M led LDF government.
The college is in the eye of a storm over alleged irregularities in providing internal marks and harassment of students by Lekshmi Nair.
The students belonging to ABVP, KSU and AISF had launched the strike demanding removal of Nair. Congress and BJP joined the agitation later.
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