diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index c08ce98c..5777a13c 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,13 +1,13 @@
 [package]
 org = "ballerinax"
 name = "kafka"
-version = "4.1.0"
+version = "4.2.0"
 authors = ["Ballerina"]
 keywords = ["kafka", "event streaming", "network", "messaging"]
 repository = "https://github.com/ballerina-platform/module-ballerinax-kafka"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.9.0"
+distribution = "2201.10.0"
 
 [platform.java17]
 graalvmCompatible = true
@@ -15,8 +15,8 @@ graalvmCompatible = true
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "kafka-native"
-version = "4.1.0"
-path = "../native/build/libs/kafka-native-4.1.0.jar"
+version = "4.2.0"
+path = "../native/build/libs/kafka-native-4.2.0-SNAPSHOT.jar"
 
 [[platform.java17.dependency]]
 groupId = "org.apache.kafka"
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index 476c9de5..6cd1ef7a 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "kafka-compiler-plugin"
 class = "io.ballerina.stdlib.kafka.plugin.KafkaCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/kafka-compiler-plugin-4.1.0.jar"
+path = "../compiler-plugin/build/libs/kafka-compiler-plugin-4.2.0-SNAPSHOT.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index e6c35001..37aad5a5 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,12 +5,12 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.9.0"
+distribution-version = "2201.10.0-20240806-083400-aabac46a"
 
 [[package]]
 org = "ballerina"
 name = "auth"
-version = "2.11.0"
+version = "2.12.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "crypto"},
@@ -59,7 +59,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "file"
-version = "1.9.0"
+version = "1.10.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "io"},
@@ -71,7 +71,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "http"
-version = "2.11.2"
+version = "2.12.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "auth"},
@@ -100,7 +100,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "io"
-version = "1.6.0"
+version = "1.6.1"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
@@ -121,11 +121,12 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "jwt"
-version = "2.11.0"
+version = "2.13.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "cache"},
 	{org = "ballerina", name = "crypto"},
+	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "lang.int"},
 	{org = "ballerina", name = "lang.string"},
@@ -243,7 +244,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "log"
-version = "2.9.0"
+version = "2.10.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "io"},
@@ -258,18 +259,19 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "mime"
-version = "2.9.0"
+version = "2.10.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
-	{org = "ballerina", name = "lang.int"}
+	{org = "ballerina", name = "lang.int"},
+	{org = "ballerina", name = "log"}
 ]
 
 [[package]]
 org = "ballerina"
 name = "oauth2"
-version = "2.11.0"
+version = "2.12.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "cache"},
@@ -283,7 +285,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.2.3"
+version = "1.3.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -390,7 +392,7 @@ modules = [
 [[package]]
 org = "ballerinax"
 name = "kafka"
-version = "4.1.0"
+version = "4.2.0"
 dependencies = [
 	{org = "ballerina", name = "constraint"},
 	{org = "ballerina", name = "crypto"},
diff --git a/build-config/resources/Ballerina.toml b/build-config/resources/Ballerina.toml
index 7426a30a..41cb3d71 100644
--- a/build-config/resources/Ballerina.toml
+++ b/build-config/resources/Ballerina.toml
@@ -7,7 +7,7 @@ keywords = ["kafka", "event streaming", "network", "messaging"]
 repository = "https://github.com/ballerina-platform/module-ballerinax-kafka"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.9.0"
+distribution = "2201.10.0"
 
 [platform.java17]
 graalvmCompatible = true
diff --git a/gradle.properties b/gradle.properties
index 81a1651e..d96be017 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,8 +1,8 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=4.1.1-SNAPSHOT
+version=4.2.0-SNAPSHOT
 kafkaVersion=3.5.1
-ballerinaLangVersion=2201.9.0
+ballerinaLangVersion=2201.10.0-20240806-083400-aabac46a
 ballerinaGradlePluginVersion=2.0.1
 
 puppycrawlCheckstyleVersion=10.12.1
@@ -12,30 +12,30 @@ testngVersion=7.6.1
 gsonVersion=2.8.8
 jacocoVersion=0.8.10
 
-stdlibIoVersion=1.6.0
+stdlibIoVersion=1.6.1
 stdlibTimeVersion=2.4.0
 stdlibUrlVersion=2.4.0
 
 stdlibConstraintVersion=1.5.0
-stdlibCryptoVersion=2.7.0
-stdlibLogVersion=2.9.0
+stdlibCryptoVersion=2.7.2
+stdlibLogVersion=2.10.0-20240807-203000-b85cfb9
 stdlibOsVersion=1.8.0
 stdlibRandomVersion=1.5.0
 stdlibTaskVersion=2.5.0
 
 stdlibCacheVersion=3.8.0
-stdlibFileVersion=1.9.0
-stdlibMimeVersion=2.9.0
+stdlibFileVersion=1.10.0-20240807-205900-a4d66bb
+stdlibMimeVersion=2.10.0-20240807-205100-2728cdc
 stdlibUuidVersion=1.8.0
 
-stdlibAuthVersion=2.11.0
-stdlibJwtVersion=2.11.0
-stdlibOAuth2Version=2.11.0
+stdlibAuthVersion=2.12.0-20240807-214700-37b31bb
+stdlibJwtVersion=2.13.0-20240809-095500-b9d03ed
+stdlibOAuth2Version=2.12.0-20240807-220200-7f7294b
 
-stdlibHttpVersion=2.11.0
+stdlibHttpVersion=2.12.0-20240809-111500-91b1ccd
 
-stdlibTransactionVersion=1.9.0
+stdlibTransactionVersion=1.10.0-20240809-131000-44ec1bf
 
 # Ballerinax Observer
-observeVersion=1.2.3
-observeInternalVersion=1.2.2
+observeVersion=1.3.0-20240807-093200-e29ca7a
+observeInternalVersion=1.3.0-20240807-094500-91e2d3a