The meeting, proposed to be organised at Tank Bund on the banks of the Hussain Sagar lake, has been called by the Telangana Joint Action Committee (TJAC).
The TJAC comprises different people's organisations.
The 'million march' held on March 10 in 2011 was violent with several statues on the Tank Bund being vandalised and some political leaders and others coming under attack.
Police have denied permission to the event and has deployed security personnel in large numbers since last night at the Tank Bund, Osmania University, which was the hotbed of the Telangana movement, and other places in the city.
Scores of TJAC activists were taken into preventive custody, he claimed.
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