diff --git a/gradle.properties b/gradle.properties
index fcc2daab5..942243f9c 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 org.gradle.caching=true
 group=org.ballerinalang
 version=1.4.0-SNAPSHOT
-ballerinaLangVersion=2201.9.0-20240502-141200-0a49fa42
+ballerinaLangVersion=2201.9.0
 
 ballerinaGradlePluginVersion=2.0.1
 checkStyleToolVersion=10.12.1
@@ -15,8 +15,8 @@ spotbugsPluginVersion=5.0.14
 testngVersion=7.6.1
 
 # Ballerinax Observer
-observeVersion=1.2.0-20230911-133500-b3d8db3
-observeInternalVersion=1.2.0-20230911-141700-4c0454a
+observeVersion=1.2.3
+observeInternalVersion=1.2.2
 
 # Standard Library Dependencies
 # Stdlib Level 01
@@ -26,26 +26,26 @@ stdlibUrlVersion=2.4.0
 
 # Stdlib Level 02
 stdlibConstraintVersion=1.5.0
-stdlibCryptoVersion=2.7.0-20240502-172300-6b356e2
+stdlibCryptoVersion=2.7.0
 stdlibLogVersion=2.9.0
 stdlibOsVersion=1.8.0
 stdlibRandomVersion=1.5.0
 
 # Stdlib Level 03
-stdlibUuidVersion=1.8.0-20240502-184000-71c8d75
+stdlibUuidVersion=1.8.0
 
 # Stdlib Level 04
-stdlibAuthVersion=2.11.0-20240502-184600-96868c0
-stdlibOAuth2Version=2.11.0-20240502-185000-b5e4bc8
+stdlibAuthVersion=2.11.0
+stdlibOAuth2Version=2.11.0
 
 # Stdlib Level 05
-stdlibHttpVersion=2.11.0-20240502-194500-bb0bced
+stdlibHttpVersion=2.11.0
 
 # Stdlib Level 06
-stdlibGrpcVersion=1.11.0-20240502-203100-8ea8b94
+stdlibGrpcVersion=1.11.0
 
 # Stdlib Level 07
-stdlibGraphqlVersion=1.12.0-20240503-053700-9721262
+stdlibGraphqlVersion=1.12.0
 
 # Persist Tool
-persistToolVersion=1.3.0-20240503-092900-66b3eda
+persistToolVersion=1.3.0