"I am honoured and humbled by the Padma Shri samman (honour). Would like to thank all my well-wishers for their continuous support and faith in me," tweeted Sridevi.
The award was announced on Friday.
Sridevi, known for movies like Nagina, Mr. India, Chandni and ChaalBaaz, made a successful comeback to the big screen after a 15-year hiatus in 2012 with English Vinglish.
Her director Gauri Shinde is proud that the actress has been chosen to receive such a huge honour.
"Padma Shri for Sri!!! Finally!!! There is justice in the world somewhere I feel! Super awesome," posted Shinde.