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A local fisherman named Rithesh who spotted the body intimated authorities, following which police reached the spot.
Mangaluru MLA U T Khader said friends and relatives have confirmed that the body is of Siddhartha.
Earlier, police said the body, which appeared to be of Siddhartha, was yet to be identified by his family.
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City Police Commissioner Sandeep Patil said Siddhartha’s family has been informed and the body has been kept at Wenlock Hospital for further formalities.
Following the post-mortem his body will be taken to Chetanahali estate in Chikkamagaluru district in an ambulance.