The Second Convocation was held on 11th of January, 1996. The convocation address was delivered by renowned scholar Dr. Karan Singh. On this occasion, honorary Vachaspati degree was conferred on Dr. Karan Singh (Delhi), Shridhar Vasudev Sohni (Pune), Vaidya Shri Nanak Chand Sharma (Delhi), Prof. Anant Lal Thakur (Calcutta) and Pt. Ram Prasad Tripathi (Varanasi). Shri T.S. Srinivas Shastri (Pune) was honoured with the title Mahamahopadhyaya. In his address Dr. Karan Singh spoke on the importance and use of Sanskrit in public life and high lighted its bright future. This occasion was also chosen for organizing a week long Saraswat programme in which various functions like Sharadiya Jnan Mahotsava, M.M. Pt. Pattabhiram Shastri Vyakhyanamala, Youth festival and Drama festivals were successfully held. The Vice-Chancellor of the Vidyapeetha prof. Vachaspati Upadhyaya gave a new dimension to the presentation and co-ordination of all the programmes and also a new direction to the convocational function. In this convocation, 507 successful students were awarded various degrees i.e. 23 Vidyavaridhi, 7 Shikshacharya, 94 Acharya, 337 Shiksha Shastri and 46 Shastri.