diff --git a/gradle.properties b/gradle.properties
index d722709..a09107b 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 org.gradle.caching=true
 group=org.ballerinalang
-version=1.12.0-SNAPSHOT
-ballerinaLangVersion=2201.12.0-20250311-124800-b9003fed
+version=1.12.1-SNAPSHOT
+ballerinaLangVersion=2201.12.0
 
 checkStylePluginVersion=10.12.0
 spotbugsPluginVersion=6.0.18
@@ -13,32 +13,32 @@ testngVersion=7.6.1
 slf4jVersion=1.7.30
 
 # Level 01
-stdlibIoVersion=1.8.0-20250311-132600-1ffe624
-stdlibTimeVersion=2.7.0-20250311-132600-1d5e2cb
-stdlibUrlVersion=2.6.0-20250311-132600-48fcfef
+stdlibIoVersion=1.8.0
+stdlibTimeVersion=2.7.0
+stdlibUrlVersion=2.6.0
 
 # Level 02
-stdlibConstraintVersion=1.7.0-20250311-133400-acfb095
-stdlibCryptoVersion=2.9.0-20250311-133400-9758410
-stdlibLogVersion=2.12.0-20250311-135900-9f3c638
-stdlibOsVersion=1.10.0-20250311-133500-7cc80f4
-stdlibTaskVersion=2.7.0-20250311-133800-5ee5469
+stdlibConstraintVersion=1.7.0
+stdlibCryptoVersion=2.9.0
+stdlibLogVersion=2.12.0
+stdlibOsVersion=1.10.0
+stdlibTaskVersion=2.7.0
 
 # Level 03
-stdlibCacheVersion=3.10.0-20250311-135100-8197b04
-stdlibFileVersion=1.12.0-20250311-141500-7227a78
-stdlibMimeVersion=2.12.0-20250311-141300-98bc7d6
-stdlibUuidVersion=1.10.0-20250311-135800-d38a5b5
+stdlibCacheVersion=3.10.0
+stdlibFileVersion=1.12.0
+stdlibMimeVersion=2.12.0
+stdlibUuidVersion=1.10.0
 
 # Level 04
-stdlibAuthVersion=2.14.0-20250311-141100-33e5fab
-stdlibDataJsonDataVersion=1.1.0-20250311-142600-b238ecb
-stdlibJwtVersion=2.15.0-20250311-141300-b5b284e
-stdlibOAuth2Version=2.14.0-20250311-141600-1d12813
+stdlibAuthVersion=2.14.0
+stdlibDataJsonDataVersion=1.1.0
+stdlibJwtVersion=2.15.0
+stdlibOAuth2Version=2.14.0
 
 # Level 05
-stdlibHttpVersion=2.14.0-20250311-152000-c0b9408
+stdlibHttpVersion=2.14.0
 
 # Ballerinax Observer
-observeVersion=1.5.0-20250311-132700-a89f57a
-observeInternalVersion=1.5.0-20250311-133700-3a1a70b
+observeVersion=1.5.0
+observeInternalVersion=1.5.0
diff --git a/transaction-ballerina/Ballerina.toml b/transaction-ballerina/Ballerina.toml
index 8a3dff2..a56eee8 100644
--- a/transaction-ballerina/Ballerina.toml
+++ b/transaction-ballerina/Ballerina.toml
@@ -9,6 +9,6 @@ graalvmCompatible = true
 
 [[platform.java21.dependency]]
 artifactId = "transaction"
-version = "1.12.0-SNAPSHOT"
-path = "../transaction-native/build/libs/transaction-native-1.12.0-SNAPSHOT.jar"
+version = "1.12.1-SNAPSHOT"
+path = "../transaction-native/build/libs/transaction-native-1.12.1-SNAPSHOT.jar"
 groupId = "ballerina"
diff --git a/transaction-ballerina/Dependencies.toml b/transaction-ballerina/Dependencies.toml
index 2dc6daa..2a3026a 100644
--- a/transaction-ballerina/Dependencies.toml
+++ b/transaction-ballerina/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.12.0-20250311-124800-b9003fed"
+distribution-version = "2201.12.0"
 
 [[package]]
 org = "ballerina"
@@ -73,7 +73,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "http"
-version = "2.14.0"
+version = "2.14.1"
 dependencies = [
 	{org = "ballerina", name = "auth"},
 	{org = "ballerina", name = "cache"},
diff --git a/transaction-negative-tests/Ballerina.toml b/transaction-negative-tests/Ballerina.toml
index 1fb4951..810029f 100644
--- a/transaction-negative-tests/Ballerina.toml
+++ b/transaction-negative-tests/Ballerina.toml
@@ -7,20 +7,20 @@ version = "1.11.0"
 graalvmCompatible = true
 
 [[platform.java21.dependency]]
-path = "../transaction-native/build/libs/transaction-native-1.12.0-SNAPSHOT.jar"
+path = "../transaction-native/build/libs/transaction-native-1.12.1-SNAPSHOT.jar"
 groupId = "ballerina"
 artifactId = "transaction"
-version = "1.12.0-SNAPSHOT"
+version = "1.12.1-SNAPSHOT"
 
 [[platform.java21.dependency]]
-path = "../transaction-test-utils/build/libs/transaction-test-utils-1.12.0-SNAPSHOT.jar"
+path = "../transaction-test-utils/build/libs/transaction-test-utils-1.12.1-SNAPSHOT.jar"
 groupId = "org.ballerinalang.stdlib.transaction"
 scope = "testOnly"
 artifactId = "transaction"
-version = "1.12.0-SNAPSHOT"
+version = "1.12.1-SNAPSHOT"
 
 [[platform.java21.dependency]]
-path = "./lib/io-native-1.8.0-20250311-132600-1ffe624.jar"
+path = "./lib/io-native-1.8.0.jar"
 groupId = "io.ballerina.stdlib"
 artifactId = "io-native"
-version = "1.8.0-20250311-132600-1ffe624"
+version = "1.8.0"