A police team reached the spot immediately on getting the information and collected the currency notes worth Rs 6.72 lakh from the spot and torn bills worth Rs 27,000
The children, aged 10 and 12, were declared brought dead in hospital.
BJP MLA Virendra Raghuwanshi was among those who participated in the event while all kinds of gatherings are currently banned in the state due to the coronavirus pandemic.
The toilet that doubles as a kitchen has both an LPG cylinder and an earthen stove installed for preparing food. Some cooking utensils were also found tacked over the toilet seat.
Madhya Pradesh Chief Minister Kamal Nath termed the incident 'highly insensitive' and ordered a probe.
