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Indian wicketkeeper-batsman Dinesh Karthik will be the chief guest at the event.
India failed to qualify for the semifinals in Shastri's final assignment as Team India head coach.
The 21-year-old is already part of Sunrisers Hyderabad as a net bowler.
The pacer has been isolated along with six close contacts which also include all-rounder Vijay Shankar.
The fast bowler said that he is recovering from his knee surgery that had ruled him out of IPL 2021.
The 30-year-old Natarajan had played only two games for SRH this IPL.