Penang, who lost 7-3 to ATM in the group stage, cited examinations as an excuse.
The match was earlier postponed due to haze on Oct 3, and the new date clashes with examination preparations.
"The Penang Juniors and ATM Pernama match will not be held, as most of the Penang players are students who are preparing for major examinations.
"The bronze will be awarded to ATM Pernama. However, the final between SSTMI Thunderbolts and PKS-KPM will go ahead as scheduled at 6pm Saturday," said Malaysian Hockey Confederation (MHC) competitions secretary Hashim Yusoff.
In the group stages PKS KPM, led by national players and league top-scorers Fatin Naimah (nine goals) and Nuraini Rashid (eight goals) beat Thunderbolts 3-1.
SATURDAY: Final: SSTMI Thunderbolts v PKS-KPM (6pm, National Hockey Stadium, Pitch II ).