The deceased have been identified as Tejas M Lalwani (15), Keshav S Gaikwad (16) and Ajim H Pathan (16). All of them were studying in Class X at Chhatre High School in Manmad.
"A group of five friends had gone out to celebrate the birthday of one of them," said Inspector of Chandvad police station, Anant Mohite.
"Three of them posed for a selfie on the bank of the lake, but accidentally fell into the lake. Two others then jumped in to rescue them, but they also began to drown," Mohite added.
The fire brigade personnel later fished out the bodies.
Further investigation into the case is on.
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