Shah Rukh and Aryan will be lending their voice for King Mufasa and his son Simba respectively.
Ashish will give his voice to villainous Scar, Shreyas will become voice of Timon, Sanjay will be Pumbaa and Asrani will be Zazu, read a statement.
"'The Lion King' is a classic that epitomizes Disney's prowess of bringing heartwarming stories that are timeless and transcend generations," said Bikram Duggal, Head - Studio Entertainment, Disney India.
"A quintessential story of a father and his son and their heartwarming relationship; it's a tale of a pride of lions that will connect with audiences emotionally. The movie is a pioneering blend of live-action filmmaking techniques and state-of-the-art virtual reality technology never seen before on celluloid," he added.
Directed by "The Jungle Book" fame director Jon Favreau, "The Lion King" is one of the most-anticipated films of recent times.
The original film, considered an animation masterpiece, was released on June 15, 1994, and was not just widely lauded critically, but received commercial success as well. Favreau has stayed true to the classic story of Simba and used pioneering filmmaking techniques to bring the iconic characters to the big screen in a whole new way.
"The Lion King" will release in India on July 19 in English, Hindi, Tamil and Telugu.
( With inputs from IANS )