Yes, KTU (APJ Abdul Kalam Technological University) will refund your money if there is a mark difference of 15% from your actual mark obtained. The Circular regarding this was published on 23rd July 2016. University will adjust the next examination fees to be paid or in other payments. There is a delay in the refunding but however, you are eligible to get refunds.
In the circular published, They ordered that if the difference in mark obtained through revaluation is more than 15% of the marks secured earlier. Then the entire fee for revaluation per paper will be reimbursed to the students through the institution concerned under intimation to the student. Further penalty will be imposed on those teachers who commit ommissions and mistakes in the valuation of the answer booklets. This will be same as what the other universities in Kerala does. The Circular issued for the same is provided below.