diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 1e241bbb..22454bb4 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -13,10 +13,10 @@ distribution = "2201.5.0"
 groupId = "io.ballerina.stdlib"
 artifactId = "udp-native"
 version = "1.7.3"
-path = "../native/build/libs/udp-native-1.7.3-SNAPSHOT.jar"
+path = "../native/build/libs/udp-native-1.7.3.jar"
 
 [[platform.java11.dependency]]
-path = "../test-utils/build/libs/udp-test-utils-1.7.3-SNAPSHOT.jar"
+path = "../test-utils/build/libs/udp-test-utils-1.7.3.jar"
 scope = "testOnly"
 
 [[platform.java11.dependency]]
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index a4e506e4..3d9dca69 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "udp-plugin"
 class = "io.ballerina.stdlib.udp.compiler.UdpCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/udp-compiler-plugin-1.7.3-SNAPSHOT.jar"
+path = "../compiler-plugin/build/libs/udp-compiler-plugin-1.7.3.jar"
diff --git a/changelog.md b/changelog.md
index 6552e574..df6180cd 100644
--- a/changelog.md
+++ b/changelog.md
@@ -5,6 +5,8 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
 ## [Unreleased]
 
+## [1.7.3] - 2023-10-13
+
 ### Fixed
 - [Address netty vulnerability: CVE-2023-4586](https://github.com/ballerina-platform/ballerina-standard-library/issues/4908)
 
diff --git a/gradle.properties b/gradle.properties
index e132806c..fd25e591 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=1.7.3-SNAPSHOT
+version=1.7.4-SNAPSHOT
 ballerinaLangVersion=2201.5.0
 
 puppycrawlCheckstyleVersion=8.18