diff --git a/gradle.properties b/gradle.properties
index 10936cb..cf7e510 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -6,10 +6,10 @@ jreVersion=11.0.18+10
 # For test purpose
 swan-lake-version=2201.2.0
 swan-lake-spec-version=2022R3
-swan-lake-latest-version=2201.8.5
-swan-lake-latest-spec-version=2023R1
+swan-lake-latest-version=2201.9.3
+swan-lake-latest-spec-version=2024R1
 swan-lake-latest-dependency-version=jdk-17.0.7+7-jre
 1-x-channel-version=1.2.0
 1-x-channel-dependency-version=jdk8u202-b08-jre
 1-x-channel-spec-version=2020R1
-1-x-channel-latest-version=1.2.49
+1-x-channel-latest-version=1.2.54
diff --git a/src/test/java/org/ballerinalang/command/ListCommandTest.java b/src/test/java/org/ballerinalang/command/ListCommandTest.java
index cda2ab9..4aeca90 100644
--- a/src/test/java/org/ballerinalang/command/ListCommandTest.java
+++ b/src/test/java/org/ballerinalang/command/ListCommandTest.java
@@ -42,7 +42,7 @@ public void listCommandTest() {
         Assert.assertTrue(outContent.toString().contains("Distributions available locally"));
         Assert.assertTrue(outContent.toString().contains("Distributions available remotely"));
         Assert.assertTrue(outContent.toString().contains("1.* channel"));
-        Assert.assertTrue(outContent.toString().contains("1.2.40"));
+        Assert.assertTrue(outContent.toString().contains("1.2.54"));
         Assert.assertTrue(outContent.toString().contains("Swan Lake channel"));
     }
 
diff --git a/src/test/java/org/ballerinalang/distribution/UpdateToolTest.java b/src/test/java/org/ballerinalang/distribution/UpdateToolTest.java
index 8a2b67e..0a8a450 100644
--- a/src/test/java/org/ballerinalang/distribution/UpdateToolTest.java
+++ b/src/test/java/org/ballerinalang/distribution/UpdateToolTest.java
@@ -254,7 +254,7 @@ public void testListCommand() throws IOException, InterruptedException {
         Assert.assertTrue(output.contains("* " + swanLakeLatestVersion));
         Assert.assertTrue(output.contains("Distributions available remotely"));
         Assert.assertTrue(output.contains("1.* channel"));
-        Assert.assertTrue(output.contains("1.2.48"));
+        Assert.assertTrue(output.contains("1.2.54"));
         Assert.assertTrue(output.contains("Swan Lake channel"));
 //        Assert.assertTrue(output.contains("slp5"));            Should be added after the release
 //        Assert.assertTrue(output.contains("[slalpha1] Alpha 1"));