diff --git a/changelog.md b/changelog.md
new file mode 100644
index 0000000..4037bda
--- /dev/null
+++ b/changelog.md
@@ -0,0 +1,76 @@
+# Change Log
+
+This file contains all the notable changes done to the Ballerina XSD Tool package through the releases.
+
+The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/), and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
+
+## [Unreleased]
+
+### Added
+
+- [Add element annotation to record fields](https://github.com/ballerina-platform/xsd-tools/pull/40)
+- Set the maximum maxOccurs value to 65535
+
+### Fixed
+
+- [Support NMTOKENS as built-in type](https://github.com/ballerina-platform/xsd-tools/pull/38)
+- Fix optional field generation for sequence groups
+- Handle ambiguity when a single element inside a sequence
+- Fix setting attributes and content fields optional
+- Set sequenceGroup optional when all child elements are optional
+
+## [1.2.0] - 2025-02-02
+
+### Added
+
+- [Add support for xs:include, attributeGroup, annotation, xs:any](https://github.com/ballerina-platform/xsd-tools/pull/35)
+- Handle enum types
+- Add xmldata:Any annotation for any elements
+
+### Fixed
+
+- Fix supporting minOccurs in anyElement
+- Fix adding nil value to anydata type
+- Improve the method to extract restriction base
+
+## [1.1.2] - 2024-10-24
+
+### Added
+
+- Add support for converting keywords in XSD
+- Support converting all floating-point values
+
+### Fixed
+
+- Fix supporting double values
+- Handle built-in types for the proper format
+
+## [1.1.1] - 2024-08-05
+
+### Fixed
+
+- Fix substituting values in root elements
+
+## [1.1.0] - 2024-07-23
+
+### Added
+
+- Add support to get resolved name metadata
+- Export node package
+- Add new record class to represent an XSD element
+- Add new class to represent a node in the syntax tree
+- Add enum for categorizing XSD components
+- Add record to include syntax tree and diagnostics
+
+### Fixed
+
+- Fix XSD Element being used for record field type
+- Fix not generating directories for a single XSD file
+- Handle NPE when processing XSD elements
+- Fix getting invalid types with the name anydata
+
+## [1.0.8] - 2024-04-02
+
+### Fixed
+
+- Fix returning error when directly using help flag
diff --git a/gradle.properties b/gradle.properties
index 3581c76..a18e473 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina
-version=1.2.1-SNAPSHOT
+version=1.3.0-SNAPSHOT
 
 # Dependencies
 ballerinaLangVersion=2201.11.0
diff --git a/module-ballerina-xsd/BalTool.toml b/module-ballerina-xsd/BalTool.toml
index 4fe9db3..4156dce 100644
--- a/module-ballerina-xsd/BalTool.toml
+++ b/module-ballerina-xsd/BalTool.toml
@@ -2,8 +2,8 @@
 id = "xsd"
 
 [[dependency]]
-path = "../xsd-cli/build/libs/xsd-cli-1.2.1-SNAPSHOT.jar"
+path = "../xsd-cli/build/libs/xsd-cli-1.3.0-SNAPSHOT.jar"
 
 [[dependency]]
-path = "../xsd-core/build/libs/xsd-core-1.2.1-SNAPSHOT.jar"
+path = "../xsd-core/build/libs/xsd-core-1.3.0-SNAPSHOT.jar"
 
diff --git a/module-ballerina-xsd/Ballerina.toml b/module-ballerina-xsd/Ballerina.toml
index ce5daf4..b816e0d 100644
--- a/module-ballerina-xsd/Ballerina.toml
+++ b/module-ballerina-xsd/Ballerina.toml
@@ -2,7 +2,7 @@
 distribution = "2201.11.0"
 org = "ballerina"
 name = "xsdtool"
-version = "1.2.1"
+version = "1.3.0"
 authors = ["Ballerina"]
 keywords = ["xsd", "xsd-tool"]
 repository = "https://github.com/ballerina-platform/xsd-tools"
diff --git a/module-ballerina-xsd/Dependencies.toml b/module-ballerina-xsd/Dependencies.toml
index 25cb719..d5af173 100644
--- a/module-ballerina-xsd/Dependencies.toml
+++ b/module-ballerina-xsd/Dependencies.toml
@@ -10,7 +10,7 @@ distribution-version = "2201.11.0"
 [[package]]
 org = "ballerina"
 name = "xsdtool"
-version = "1.2.1"
+version = "1.3.0"
 modules = [
 	{org = "ballerina", packageName = "xsdtool", moduleName = "xsdtool"}
 ]