Malamaal Weekly is about the struggles and survival of people in a small town. Plagued by poverty, bad harvests and a monster of a moneylender called Karamkali (Sudha Chandran), the people in this town are barely able to make ends meet.
Leelaram (Paresh Rawal), one of the town's inhabitants, earns a meager source of income through his business selling Malamaal Weekly Lottery Tickets. One day, while watching TV at a local tea stall, he learns that one of the tickets he's sold has in fact won the One Crore Rupees Bumper Prize. As most of the other villagers don't own a TV and are illiterate, Leelaram knows that he is privy to this information. The question is how to find that one ticket from the 105 he's sold. An idea hits him! Leelaram throws a party-a virtual festivity for the people who are fighting to survive. Leelaram, already debt ridden, manages to host this party at the expense of his one last asset, his Goat Kid who is treated like a child by Leelaram's wife... Now, the party is only for his 105 customers on the condition that they bring along their tickets as an invite to the celebrations. As luck would have it, all turn up except one-Anthony the drunkard.
Leelaram decides to pay him a visit. On reaching Anthony's house, he finds Anthony dead in front of the TV!! Too shocked on hearing about his victory, Anthony is Dead with the lottery ticket still in his hand!! What follows from hereon is a roller coaster ride of unusual events with surprising twists & turns at every stage.
Extremely funny situations, hilarious circumstances lead to a culmination of a laugh riot climax which reveals the Malamaal Weekly Lottery winners... or losers!!!!!