diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index d03fe7094..2880a96b1 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,8 +1,8 @@
 [package]
 org = "ballerina"
 name = "grpc"
-version = "1.12.1"
-distribution = "2201.10.0"
+version = "1.13.0"
+distribution = "2201.11.0"
 authors = ["Ballerina"]
 keywords = ["network", "grpc", "protobuf", "server-streaming", "client-streaming", "bidirectional-streaming"]
 repository = "https://github.com/ballerina-platform/module-ballerina-grpc"
@@ -16,15 +16,15 @@ graalvmCompatible = true
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "grpc-native"
-version = "1.12.1"
-path = "../native/build/libs/grpc-native-1.12.1.jar"
+version = "1.13.0"
+path = "../native/build/libs/grpc-native-1.13.0-SNAPSHOT.jar"
 
 [[platform.java17.dependency]]
-path = "../test-utils/build/libs/grpc-test-utils-1.12.1.jar"
+path = "../test-utils/build/libs/grpc-test-utils-1.13.0-SNAPSHOT.jar"
 scope = "testOnly"
 
 [[platform.java17.dependency]]
-path = "./lib/ballerina-cli-2201.10.0.jar"
+path = "./lib/ballerina-cli-2201.11.0-20241008-112400-81975006.jar"
 scope = "testOnly"
 
 [[platform.java17.dependency]]
@@ -34,68 +34,68 @@ scope = "testOnly"
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "http-native"
-version = "2.12.0"
-path = "./lib/http-native-2.12.0.jar"
+version = "2.13.0"
+path = "./lib/http-native-2.13.0-20241113-151000-3feb04b.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-common"
-version = "4.1.108.Final"
-path = "./lib/netty-common-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-common-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-buffer"
-version = "4.1.108.Final"
-path = "./lib/netty-buffer-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-buffer-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport"
-version = "4.1.108.Final"
-path = "./lib/netty-transport-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-transport-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-resolver"
-version = "4.1.108.Final"
-path = "./lib/netty-resolver-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-resolver-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler"
-version = "4.1.108.Final"
-path = "./lib/netty-handler-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-handler-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-http-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-http-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler-proxy"
-version = "4.1.108.Final"
-path = "./lib/netty-handler-proxy-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-handler-proxy-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http2"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-http2-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-http2-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport-native-unix-common"
-version = "4.1.108.Final"
-path = "./lib/netty-transport-native-unix-common-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-transport-native-unix-common-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "commons.pool.wso2"
@@ -163,11 +163,11 @@ path = "./lib/proto-google-common-protos-1.17.0.jar"
 [[platform.java17.dependency]]
 groupId = "org.ballerinalang"
 artifactId = "formatter-core"
-version = "2201.10.0"
-path = "./lib/formatter-core-2201.10.0.jar"
+version = "2201.11.0-20241008-112400-81975006"
+path = "./lib/formatter-core-2201.11.0-20241008-112400-81975006.jar"
 
 [[platform.java17.dependency]]
 groupId = "org.ballerinalang"
 artifactId = "ballerina-parser"
-version = "2201.10.0"
-path = "./lib/ballerina-parser-2201.10.0.jar"
+version = "2201.11.0-20241008-112400-81975006"
+path = "./lib/ballerina-parser-2201.11.0-20241008-112400-81975006.jar"
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index 32560585a..886a7f4c6 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "grpc-compiler-plugin"
 class = "io.ballerina.stdlib.grpc.plugin.GrpcCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/grpc-compiler-plugin-1.12.1.jar"
+path = "../compiler-plugin/build/libs/grpc-compiler-plugin-1.13.0-SNAPSHOT.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 064d095a6..c37fdd60a 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.10.0"
+distribution-version = "2201.11.0-20241008-112400-81975006"
 
 [[package]]
 org = "ballerina"
@@ -53,6 +53,16 @@ modules = [
 	{org = "ballerina", packageName = "crypto", moduleName = "crypto"}
 ]
 
+[[package]]
+org = "ballerina"
+name = "data.jsondata"
+version = "0.3.0"
+scope = "testOnly"
+dependencies = [
+	{org = "ballerina", name = "jballerina.java"},
+	{org = "ballerina", name = "lang.object"}
+]
+
 [[package]]
 org = "ballerina"
 name = "file"
@@ -68,7 +78,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "grpc"
-version = "1.12.1"
+version = "1.13.0"
 dependencies = [
 	{org = "ballerina", name = "auth"},
 	{org = "ballerina", name = "crypto"},
@@ -94,13 +104,14 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "http"
-version = "2.12.0"
+version = "2.13.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "auth"},
 	{org = "ballerina", name = "cache"},
 	{org = "ballerina", name = "constraint"},
 	{org = "ballerina", name = "crypto"},
+	{org = "ballerina", name = "data.jsondata"},
 	{org = "ballerina", name = "file"},
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
@@ -263,7 +274,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "mime"
-version = "2.10.0"
+version = "2.10.1"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "io"},
@@ -350,7 +361,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "time"
-version = "2.4.0"
+version = "2.5.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
diff --git a/changelog.md b/changelog.md
index 7912c1a47..7eae150a4 100644
--- a/changelog.md
+++ b/changelog.md
@@ -4,6 +4,12 @@ This file contains all the notable changes done to the Ballerina gRPC package th
 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]
+
+### Fixed
+
+- [Address CVE-2024-47535 vulnerability](https://github.com/ballerina-platform/ballerina-library/issues/7358)
+
 ## [1.12.1] - 2024-09-26
 
 ### Fixed
diff --git a/gradle.properties b/gradle.properties
index a0289f900..5541c8949 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -10,7 +10,7 @@ slf4jVersion=1.7.30
 protoGoogleCommonsVersion=1.17.0
 protobufJavaVersion=3.25.5
 jknackHandlebarsVersion=4.0.6
-nettyVersion=4.1.108.Final
+nettyVersion=4.1.115.Final
 nettyTcnativeVersion=2.0.65.Final
 picocliVersion=4.0.1
 githubSpotbugsVersion=5.0.14
@@ -48,7 +48,7 @@ stdlibDataJsonDataVersion=0.3.0-20241105-101100-661d11f
 stdlibJwtVersion=2.13.0
 stdlibOAuth2Version=2.12.0
 
-stdlibHttpVersion=2.13.0-20241106-120000-d375c3b
+stdlibHttpVersion=2.13.0-20241113-151000-3feb04b
 
 # Ballerinax Observer
 observeVersion=1.3.0