Vicky, a versatile actor, and Sircar, a master storyteller, are joining hands for the very first time for the project, to be produced by Ronnie Lahiri under the banner Rising Sun Films.
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The actor will bring alive the story of Udham Singh, who assassinated Michael O' Dwyer, the former lieutenant governor of Punjab in pre-Independence India, in revenge for the Jallianwala Bagh massacre in Amritsar in 1919.
Singh was subsequently tried and convicted of murder and hanged in July 1940.
Sircar said in a statement: "I have been waiting to tell the heroic tale of Shaheed Udham Singh for a very long time. It is a story very close to my heart. For it, I needed an actor who could give his heart and soul to the film, be with me and tell the story together.
"Vicky fits the bill perfectly. I have seen his work and the dedication he brings to it. I'm very happy he is on board this project."