diff --git a/.github/CODEOWNERS b/.github/CODEOWNERS
index 7618f808..9535c35e 100644
--- a/.github/CODEOWNERS
+++ b/.github/CODEOWNERS
@@ -4,4 +4,4 @@
 # See: https://help.github.com/articles/about-codeowners/
 
 # These owners will be the default owners for everything in the repo.
-*       @shafreenAnfar @Maninda
+*       @shafreenAnfar @Bhashinee @MohamedSabthar
diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 4f7885a3..bbcfdb18 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -25,29 +25,29 @@ scope = "testOnly"
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler"
-version = "4.1.100.Final"
-path = "./lib/netty-handler-4.1.100.Final.jar"
+version = "4.1.108.Final"
+path = "./lib/netty-handler-4.1.108.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-buffer"
-version = "4.1.100.Final"
-path = "./lib/netty-buffer-4.1.100.Final.jar"
+version = "4.1.108.Final"
+path = "./lib/netty-buffer-4.1.108.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport"
-version = "4.1.100.Final"
-path = "./lib/netty-transport-4.1.100.Final.jar"
+version = "4.1.108.Final"
+path = "./lib/netty-transport-4.1.108.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-common"
-version = "4.1.100.Final"
-path = "./lib/netty-common-4.1.100.Final.jar"
+version = "4.1.108.Final"
+path = "./lib/netty-common-4.1.108.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-resolver"
-version = "4.1.100.Final"
-path = "./lib/netty-resolver-4.1.100.Final.jar"
+version = "4.1.108.Final"
+path = "./lib/netty-resolver-4.1.108.Final.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 36d629fd..2814d89a 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -64,7 +64,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.2.0"
+version = "1.2.2"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
diff --git a/gradle.properties b/gradle.properties
index 0094ab7a..a20a3659 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -8,7 +8,7 @@ githubJohnrengelmanShadowVersion=8.1.1
 checkstyleToolVersion=7.8.2
 githubSpotbugsVersion=5.0.14
 testngVersion=7.6.1
-nettyVersion=4.1.100.Final
+nettyVersion=4.1.108.Final
 underCouchDownloadVersion=5.4.0
 researchgateReleaseVersion=2.8.0
 slf4jVersion=1.7.30