diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index e6470840..0dc32be8 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,13 +1,13 @@
 [package]
 org = "ballerina"
 name = "tcp"
-version = "1.12.2"
+version = "1.13.0"
 authors = ["Ballerina"]
 keywords = ["network", "socket", "service", "client"]
 repository = "https://github.com/ballerina-platform/module-ballerina-tcp"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.11.0"
+distribution = "2201.12.0"
 
 [platform.java21]
 graalvmCompatible = true
@@ -15,11 +15,11 @@ graalvmCompatible = true
 [[platform.java21.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "tcp-native"
-version = "1.12.2"
-path = "../native/build/libs/tcp-native-1.12.2-SNAPSHOT.jar"
+version = "1.13.0"
+path = "../native/build/libs/tcp-native-1.13.0-SNAPSHOT.jar"
 
 [[platform.java21.dependency]]
-path = "../test-utils/build/libs/tcp-test-utils-1.12.2-SNAPSHOT.jar"
+path = "../test-utils/build/libs/tcp-test-utils-1.13.0-SNAPSHOT.jar"
 scope = "testOnly"
 
 [[platform.java21.dependency]]
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index 4c7b5beb..aa5d9905 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "tcp-plugin"
 class = "io.ballerina.stdlib.tcp.compiler.TcpCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/tcp-compiler-plugin-1.12.2-SNAPSHOT.jar"
+path = "../compiler-plugin/build/libs/tcp-compiler-plugin-1.13.0-SNAPSHOT.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 2c8300a7..af6a5e4b 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -10,7 +10,7 @@ distribution-version = "2201.12.0-20250228-201300-8d411a0f"
 [[package]]
 org = "ballerina"
 name = "crypto"
-version = "2.8.0"
+version = "2.9.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "time"}
@@ -22,7 +22,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "io"
-version = "1.7.0"
+version = "1.8.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
@@ -99,7 +99,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "tcp"
-version = "1.12.2"
+version = "1.13.0"
 dependencies = [
 	{org = "ballerina", name = "crypto"},
 	{org = "ballerina", name = "io"},
@@ -128,7 +128,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "time"
-version = "2.6.0"
+version = "2.7.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
diff --git a/gradle.properties b/gradle.properties
index 6b6fe84d..8c868935 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -19,9 +19,9 @@ marshallingVersion=2.0.5.Final
 protobufVersion=3.25.5
 
 # Dependencies
-stdlibIoVersion=1.7.0
-stdlibLogVersion=2.11.0
-stdlibCryptoVersion=2.8.0
-stdlibTimeVersion=2.6.0
-observeVersion=1.4.0
-observeInternalVersion=1.4.0
+stdlibIoVersion=1.8.0-20250304-133300-967a7a4
+stdlibLogVersion=2.12.0-20250305-165600-b4606dd
+stdlibCryptoVersion=2.9.0-20250305-165500-b42b932
+stdlibTimeVersion=2.7.0-20250304-133100-009bfd7
+observeVersion=1.5.0-20250304-140800-d60274b
+observeInternalVersion=1.5.0-20250305-160800-51dc066