diff --git a/api/pom.xml b/api/pom.xml
index d13d59d0..a3eb3ba1 100644
--- a/api/pom.xml
+++ b/api/pom.xml
@@ -19,7 +19,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/component-archetype/pom.xml b/component-archetype/pom.xml
index 4db6386e..fece1ee9 100644
--- a/component-archetype/pom.xml
+++ b/component-archetype/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/component-scanner/pom.xml b/component-scanner/pom.xml
index 1c8828ca..a33364b2 100644
--- a/component-scanner/pom.xml
+++ b/component-scanner/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
@@ -30,7 +30,7 @@
         <dependency>
             <groupId>za.co.absa.hyperdrive</groupId>
             <artifactId>api</artifactId>
-            <version>3.1.0-SNAPSHOT</version>
+            <version>3.1.0</version>
         </dependency>
 
         <!--Spark-->
diff --git a/driver/pom.xml b/driver/pom.xml
index 26f5b427..182eeff9 100644
--- a/driver/pom.xml
+++ b/driver/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/ingestor-default/pom.xml b/ingestor-default/pom.xml
index 47bc8439..f2592d6c 100644
--- a/ingestor-default/pom.xml
+++ b/ingestor-default/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/parent-conf/pom.xml b/parent-conf/pom.xml
index c6d37097..2f8fe604 100644
--- a/parent-conf/pom.xml
+++ b/parent-conf/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>hyperdrive</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/pom.xml b/pom.xml
index a1724f20..1a12e4c1 100644
--- a/pom.xml
+++ b/pom.xml
@@ -20,7 +20,7 @@
     <groupId>za.co.absa.hyperdrive</groupId>
     <artifactId>hyperdrive</artifactId>
     <packaging>pom</packaging>
-    <version>3.1.0-SNAPSHOT</version>
+    <version>3.1.0</version>
     <name>hyperdrive</name>
     <description>Hyperdrive is a configurable and scalable ingestion platform that allows data movement and
         transformation from the fast to the batch layer in a Lambda Architecture on top of Apache Spark.
@@ -54,7 +54,7 @@
         <connection>scm:git:git://github.com/AbsaOSS/hyperdrive.git</connection>
         <developerConnection>scm:git:ssh://github.com/AbsaOSS/hyperdrive.git</developerConnection>
         <url>https://github.com/AbsaOSS/hyperdrive/tree/master</url>
-      <tag>HEAD</tag>
+      <tag>v3.1.0</tag>
   </scm>
 
     <licenses>
diff --git a/shared/pom.xml b/shared/pom.xml
index d1a1495c..82984d82 100644
--- a/shared/pom.xml
+++ b/shared/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/testutils/pom.xml b/testutils/pom.xml
index 9b8a3955..2c8c03f1 100644
--- a/testutils/pom.xml
+++ b/testutils/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>3.1.0-SNAPSHOT</version>
+        <version>3.1.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>