diff --git a/modules/annotation-processor/pom.xml b/modules/annotation-processor/pom.xml
index 26d0ddfaa12f..b21d2a3be51f 100644
--- a/modules/annotation-processor/pom.xml
+++ b/modules/annotation-processor/pom.xml
@@ -20,7 +20,7 @@
     <parent>
         <groupId>org.ballerinalang</groupId>
         <artifactId>ballerina-parent</artifactId>
-        <version>0.88-SNAPSHOT</version>
+        <version>0.88</version>
         <relativePath>../../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/modules/ballerina-core/pom.xml b/modules/ballerina-core/pom.xml
index f6fd2fa6812c..f1f8a08b74e2 100644
--- a/modules/ballerina-core/pom.xml
+++ b/modules/ballerina-core/pom.xml
@@ -21,7 +21,7 @@
     <parent>
         <groupId>org.ballerinalang</groupId>
         <artifactId>ballerina-parent</artifactId>
-        <version>0.88-SNAPSHOT</version>
+        <version>0.88</version>
         <relativePath>../../pom.xml</relativePath>
     </parent>
 
diff --git a/modules/ballerina-native/pom.xml b/modules/ballerina-native/pom.xml
index 5344def0278e..0363c4b5cb18 100644
--- a/modules/ballerina-native/pom.xml
+++ b/modules/ballerina-native/pom.xml
@@ -20,7 +20,7 @@
     <parent>
         <groupId>org.ballerinalang</groupId>
         <artifactId>ballerina-parent</artifactId>
-        <version>0.88-SNAPSHOT</version>
+        <version>0.88</version>
         <relativePath>../../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/modules/ballerina-samples/pom.xml b/modules/ballerina-samples/pom.xml
index a3ea79c6b188..63e1c1a2989d 100644
--- a/modules/ballerina-samples/pom.xml
+++ b/modules/ballerina-samples/pom.xml
@@ -21,7 +21,7 @@
     <parent>
         <groupId>org.ballerinalang</groupId>
         <artifactId>ballerina-parent</artifactId>
-        <version>0.88-SNAPSHOT</version>
+        <version>0.88</version>
         <relativePath>../../pom.xml</relativePath>
     </parent>
 
diff --git a/modules/launcher/pom.xml b/modules/launcher/pom.xml
index a1a1aabb3df2..030097c417ec 100644
--- a/modules/launcher/pom.xml
+++ b/modules/launcher/pom.xml
@@ -21,7 +21,7 @@
     <parent>
         <groupId>org.ballerinalang</groupId>
         <artifactId>ballerina-parent</artifactId>
-        <version>0.88-SNAPSHOT</version>
+        <version>0.88</version>
         <relativePath>../../pom.xml</relativePath>
     </parent>
 
diff --git a/pom.xml b/pom.xml
index 0cb45256a923..38e1d32f613c 100644
--- a/pom.xml
+++ b/pom.xml
@@ -28,7 +28,7 @@
     <groupId>org.ballerinalang</groupId>
     <artifactId>ballerina-parent</artifactId>
     <packaging>pom</packaging>
-    <version>0.88-SNAPSHOT</version>
+    <version>0.88</version>
     <name>Ballerina - Parent</name>
 
     <url>http://ballerinalang.org</url>
@@ -37,7 +37,7 @@
         <url>https://github.com/ballerinalang/ballerina.git</url>
         <developerConnection>scm:git:https://github.com/ballerinalang/ballerina.git</developerConnection>
         <connection>scm:git:https://github.com/ballerinalang/ballerina.git</connection>
-        <tag>HEAD</tag>
+        <tag>v0.88</tag>
     </scm>
 
     <repositories>
@@ -189,7 +189,7 @@
     </build>
 
     <properties>
-        <ballerina.version>0.88-SNAPSHOT</ballerina.version>
+        <ballerina.version>0.88</ballerina.version>
         <ballerina.package.export.version>0.8.0</ballerina.package.export.version>
         <maven.findbugsplugin.version.exclude>findbugs-exclude.xml</maven.findbugsplugin.version.exclude>
         <commons-net.version>3.6</commons-net.version>