diff --git a/.github/workflows/build-timestamped-master.yml b/.github/workflows/build-timestamped-master.yml
index 5402145f2..04c7f5bfd 100644
--- a/.github/workflows/build-timestamped-master.yml
+++ b/.github/workflows/build-timestamped-master.yml
@@ -14,5 +14,5 @@ jobs:
   call_workflow:
     name: Run Build Workflow
     if: ${{ github.repository_owner == 'ballerina-platform' }}
-    uses: ballerina-platform/ballerina-library/.github/workflows/build-timestamp-master-template.yml@main
+    uses: ballerina-platform/ballerina-library/.github/workflows/build-timestamp-master-template.yml@2201.10.x
     secrets: inherit
diff --git a/.github/workflows/build-with-bal-test-graalvm.yml b/.github/workflows/build-with-bal-test-graalvm.yml
index 313df8f04..051357db8 100644
--- a/.github/workflows/build-with-bal-test-graalvm.yml
+++ b/.github/workflows/build-with-bal-test-graalvm.yml
@@ -20,6 +20,7 @@ on:
     pull_request:
         branches:
             - master
+            - 2201.9.x
         types: [opened, synchronize, reopened, labeled, unlabeled]
 
 concurrency:
@@ -30,7 +31,7 @@ jobs:
     call_stdlib_workflow:
         name: Run StdLib Workflow
         if: ${{ github.event_name != 'schedule' || (github.event_name == 'schedule' && github.repository_owner == 'ballerina-platform') }}
-        uses: ballerina-platform/ballerina-library/.github/workflows/build-with-bal-test-graalvm-template.yml@main
+        uses: ballerina-platform/ballerina-library/.github/workflows/build-with-bal-test-graalvm-template.yml@2201.10.x
         with:
             lang_tag: ${{ inputs.lang_tag }}
             lang_version: ${{ inputs.lang_version }}
diff --git a/.github/workflows/central-publish.yml b/.github/workflows/central-publish.yml
index 2634fd680..b7d5faca0 100644
--- a/.github/workflows/central-publish.yml
+++ b/.github/workflows/central-publish.yml
@@ -16,7 +16,7 @@ jobs:
   call_workflow:
     name: Run Central Publish Workflow
     if: ${{ github.repository_owner == 'ballerina-platform' }}
-    uses: ballerina-platform/ballerina-library/.github/workflows/central-publish-template.yml@main
+    uses: ballerina-platform/ballerina-library/.github/workflows/central-publish-template.yml@2201.10.x
     secrets: inherit
     with:
       environment: ${{ github.event.inputs.environment }}
diff --git a/.github/workflows/process-load-test-result.yml b/.github/workflows/process-load-test-result.yml
index 6aa142c97..f82e2e181 100644
--- a/.github/workflows/process-load-test-result.yml
+++ b/.github/workflows/process-load-test-result.yml
@@ -6,7 +6,7 @@ on:
 jobs:
   call_stdlib_process_load_test_results_workflow:
         name: Run StdLib Process Load Test Results Workflow
-        uses: ballerina-platform/ballerina-library/.github/workflows/process-load-test-results-template.yml@main
+        uses: ballerina-platform/ballerina-library/.github/workflows/process-load-test-results-template.yml@2201.10.x
         with:
             results: ${{ toJson(github.event.client_payload.results) }}
         secrets:
diff --git a/.github/workflows/publish-release.yml b/.github/workflows/publish-release.yml
index 2b681aef8..9d4f75760 100644
--- a/.github/workflows/publish-release.yml
+++ b/.github/workflows/publish-release.yml
@@ -9,7 +9,7 @@ jobs:
   call_workflow:
     name: Run Release Workflow
     if: ${{ github.repository_owner == 'ballerina-platform' }}
-    uses: ballerina-platform/ballerina-library/.github/workflows/release-package-template.yml@main
+    uses: ballerina-platform/ballerina-library/.github/workflows/release-package-template.yml@2201.10.x
     secrets: inherit
     with:
       package-name: grpc
diff --git a/.github/workflows/pull-request.yml b/.github/workflows/pull-request.yml
index ecfa72cec..936284e61 100644
--- a/.github/workflows/pull-request.yml
+++ b/.github/workflows/pull-request.yml
@@ -10,5 +10,5 @@ jobs:
   call_workflow:
     name: Run PR Build Workflow
     if: ${{ github.repository_owner == 'ballerina-platform' }}
-    uses: ballerina-platform/ballerina-library/.github/workflows/pull-request-build-template.yml@main
+    uses: ballerina-platform/ballerina-library/.github/workflows/pull-request-build-template.yml@2201.10.x
     secrets: inherit
diff --git a/.github/workflows/trigger-load-tests.yml b/.github/workflows/trigger-load-tests.yml
index 10b4e563c..ad460932c 100644
--- a/.github/workflows/trigger-load-tests.yml
+++ b/.github/workflows/trigger-load-tests.yml
@@ -22,7 +22,7 @@ jobs:
     call_stdlib_trigger_load_test_workflow:
         name: Run StdLib Load Test Workflow
         if: ${{ github.event_name != 'schedule' || (github.event_name == 'schedule' && github.repository_owner == 'ballerina-platform') }}
-        uses: ballerina-platform/ballerina-library/.github/workflows/trigger-load-tests-template.yml@main
+        uses: ballerina-platform/ballerina-library/.github/workflows/trigger-load-tests-template.yml@2201.10.x
         with:
             repo_name: 'module-ballerina-grpc'
             runtime_artifacts_url: 'https://api.github.com/repos/ballerina-platform/module-ballerina-grpc/actions/artifacts'
diff --git a/.github/workflows/trivy-scan.yml b/.github/workflows/trivy-scan.yml
index c02c8ff42..c29d8f2a6 100644
--- a/.github/workflows/trivy-scan.yml
+++ b/.github/workflows/trivy-scan.yml
@@ -9,5 +9,5 @@ jobs:
   call_workflow:
     name: Run Trivy Scan Workflow
     if: ${{ github.repository_owner == 'ballerina-platform' }}
-    uses: ballerina-platform/ballerina-library/.github/workflows/trivy-scan-template.yml@main
+    uses: ballerina-platform/ballerina-library/.github/workflows/trivy-scan-template.yml@2201.10.x
     secrets: inherit
diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index cb5b01513..8830d00d4 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,7 +1,7 @@
 [package]
 org = "ballerina"
 name = "grpc"
-version = "1.11.2"
+version = "1.11.3"
 distribution = "2201.9.0"
 authors = ["Ballerina"]
 keywords = ["network", "grpc", "protobuf", "server-streaming", "client-streaming", "bidirectional-streaming"]
@@ -16,11 +16,11 @@ graalvmCompatible = true
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
 artifactId = "grpc-native"
-version = "1.11.2"
-path = "../native/build/libs/grpc-native-1.11.2.jar"
+version = "1.11.3"
+path = "../native/build/libs/grpc-native-1.11.3-SNAPSHOT.jar"
 
 [[platform.java17.dependency]]
-path = "../test-utils/build/libs/grpc-test-utils-1.11.2.jar"
+path = "../test-utils/build/libs/grpc-test-utils-1.11.3-SNAPSHOT.jar"
 scope = "testOnly"
 
 [[platform.java17.dependency]]
@@ -40,62 +40,62 @@ path = "./lib/http-native-2.11.0.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"
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index 233db0448..12c9ed384 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-1.11.2.jar"
+path = "../compiler-plugin/build/libs/grpc-compiler-plugin-1.11.3-SNAPSHOT.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 07ad50377..bfc67ccbb 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -68,7 +68,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "grpc"
-version = "1.11.2"
+version = "1.11.3"
 dependencies = [
 	{org = "ballerina", name = "auth"},
 	{org = "ballerina", name = "crypto"},
@@ -94,7 +94,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "http"
-version = "2.11.0"
+version = "2.11.3"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "auth"},
diff --git a/changelog.md b/changelog.md
index 46f9d9172..4eea0d832 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)
+
 ## [1.11.2] - 2024-09-26
 
 ### Fixed
diff --git a/gradle.properties b/gradle.properties
index bbbdfd18a..3dfb68872 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