Isachne veldkampii var. malabarica, a new variety is described from the wetlands of Kasaragod, Kerala. It can be distinguished from Isachne veldkampii Bhat & Nagendran by the presence of two types of leaves - ligulate and non-ligulate,1–4 spikelets in each panicle branch and 2 florets which are either both pistillate, both bisexual or upper pistillate and lower bisexual. Description along with figures, illustrations and distribution map are provided.