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Lankesh was shot dead outside her home in Karnataka capital Bengaluru on September 5, 2017.
A probe by police in Karnataka with assistance from agencies in Maharashtra led to the arrest of several persons.
Pangarkar, a Jalna municipal councillor of the undivided Shiv Sena between 2001and 2006, was arrested in August 2018 and was granted bail by the Karnataka High Court on September 4 this year.
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He joined the Shinde-led Shiv Sena on Friday in the presence of party leader and former state minister Arjun Khotkar.
“Pangarkar is a former Shiv Sainik and has returned to the party. He has been nominated as the chief of the Jalna assembly poll campaign,” Khotkar told reporters.
Khotkar also said he wants to contest the assembly poll from Jalna, but added seat sharing discussions in the Mahayuti (ruling alliance comprising Shiv Sena, BJP and Ajit Pawar-led NCP) were still underway.
The seat is held by Congress’ Kailash Gorantyal.
Maharashtra assembly polls will be held on November 20, while results will be declared on November 23. The term of the current assembly ends on November 26.