diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 797346e..2fef4dc 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,7 +1,7 @@
 [package]
 org = "ballerina"
 name = "xslt"
-version = "2.6.1"
+version = "2.7.0"
 authors = ["Ballerina"]
 keywords = ["xslt", "xml", "html", "xsl", "transformation"]
 repository = "https://github.com/ballerina-platform/module-ballerina-xslt"
@@ -15,8 +15,8 @@ graalvmCompatible = true
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "xslt-native"
-version = "2.6.1"
-path = "../native/build/libs/xslt-native-2.6.1-SNAPSHOT.jar"
+version = "2.7.0"
+path = "../native/build/libs/xslt-native-2.7.0-SNAPSHOT.jar"
 
 [[platform.java17.dependency]]
 path = "./lib/jakarta.activation-1.2.2.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index e0e862a..c1d672f 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -10,7 +10,7 @@ distribution-version = "2201.8.0"
 [[package]]
 org = "ballerina"
 name = "io"
-version = "1.6.0"
+version = "1.6.1"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
@@ -62,7 +62,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "xslt"
-version = "2.6.1"
+version = "2.7.0"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
diff --git a/gradle.properties b/gradle.properties
index 341f351..8f57111 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=2.6.1-SNAPSHOT
+version=2.7.0-SNAPSHOT
 jakartaActivationVersion=1.2.2
 axiomVersion=1.4.0
 slf4jVersion=1.7.30
@@ -15,4 +15,4 @@ saxonHeVersion=11.4
 xmlResolverVersion=4.5.2
 
 ballerinaLangVersion=2201.8.0
-stdlibIoVersion=1.6.0
+stdlibIoVersion=1.6.1