diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 84a02c1..2e767c7 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -16,11 +16,11 @@ graalvmCompatible = true
 groupId = "io.ballerina.stdlib"
 artifactId = "file-native"
 version = "1.12.0"
-path = "../native/build/libs/file-native-1.12.0-SNAPSHOT.jar"
+path = "../native/build/libs/file-native-1.12.0.jar"
 
 [[platform.java21.dependency]]
 path = "./lib/org.wso2.transport.local-file-system-6.0.55.jar"
 
 [[platform.java21.dependency]]
-path = "../test-utils/build/libs/file-test-utils-1.12.0-SNAPSHOT.jar"
+path = "../test-utils/build/libs/file-test-utils-1.12.0.jar"
 scope = "testOnly"
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index 7218aec..a9de2c1 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "file-compiler-plugin"
 class = "io.ballerina.stdlib.file.compiler.FileCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/file-compiler-plugin-1.12.0-SNAPSHOT.jar"
+path = "../compiler-plugin/build/libs/file-compiler-plugin-1.12.0.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 650094b..c99904b 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.12.0-20250310-080700-94702e9e"
+distribution-version = "2201.12.0"
 
 [[package]]
 org = "ballerina"
diff --git a/gradle.properties b/gradle.properties
index 344426e..bc4af7d 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=1.12.0-SNAPSHOT
-ballerinaLangVersion=2201.12.0-20250311-124800-b9003fed
+version=1.12.1-SNAPSHOT
+ballerinaLangVersion=2201.12.0
 
 testngVersion=7.6.1
 checkstylePluginVersion=10.12.0
@@ -13,12 +13,12 @@ underCouchDownloadVersion=5.4.0
 researchgateReleaseVersion=2.8.0
 
 transportVersion=6.0.55
-stdlibTimeVersion=2.7.0-20250311-132600-1d5e2cb
-stdlibIoVersion=1.8.0-20250311-132600-1ffe624
-stdlibLogVersion=2.12.0-20250311-135900-9f3c638
-stdlibOsVersion=1.10.0-20250311-133500-7cc80f4
-observeVersion=1.5.0-20250311-132700-a89f57a
-observeInternalVersion=1.5.0-20250311-133700-3a1a70b
+stdlibTimeVersion=2.7.0
+stdlibIoVersion=1.8.0
+stdlibLogVersion=2.12.0
+stdlibOsVersion=1.10.0
+observeVersion=1.5.0
+observeInternalVersion=1.5.0
 
 jacocoVersion=0.8.10
 balScanVersion=0.5.0