diff --git a/chart/open-feature-operator/README.md b/chart/open-feature-operator/README.md
index 509f58fe2..4d637e0e0 100644
--- a/chart/open-feature-operator/README.md
+++ b/chart/open-feature-operator/README.md
@@ -105,7 +105,7 @@ The command removes all the Kubernetes components associated with the chart and
 | `sidecarConfiguration.managementPort`      | Sets the value of the `XXX_MANAGEMENT_PORT` environment variable for the injected sidecar.                                                                                                                                                                  | `8014`                       |
 | `sidecarConfiguration.socketPath`          | Sets the value of the `XXX_SOCKET_PATH` environment variable for the injected sidecar.                                                                                                                                                                      | `""`                         |
 | `sidecarConfiguration.image.repository`    | Sets the image for the injected sidecar.                                                                                                                                                                                                                    | `ghcr.io/open-feature/flagd` |
-| `sidecarConfiguration.image.tag`           | Sets the version tag for the injected sidecar.                                                                                                                                                                                                              | `v0.7.2`                     |
+| `sidecarConfiguration.image.tag`           | Sets the version tag for the injected sidecar.                                                                                                                                                                                                              | `v0.9.0`                     |
 | `sidecarConfiguration.providerArgs`        | Used to append arguments to the sidecar startup command. This value is a comma separated string of key values separated by '=', e.g. `key=value,key2=value2` results in the appending of `--sync-provider-args key=value --sync-provider-args key2=value2`. | `""`                         |
 | `sidecarConfiguration.envVarPrefix`        | Sets the prefix for all environment variables set in the injected sidecar.                                                                                                                                                                                  | `FLAGD`                      |
 | `sidecarConfiguration.defaultSyncProvider` | Sets the value of the `XXX_SYNC_PROVIDER` environment variable for the injected sidecar container. There are 4 valid sync providers: `kubernetes`, `grpc`, `file` and `http`.                                                                               | `kubernetes`                 |
@@ -123,7 +123,7 @@ The command removes all the Kubernetes components associated with the chart and
 | `flagdProxyConfiguration.port`             | Sets the port to expose the sync API on.                                        | `8015`                             |
 | `flagdProxyConfiguration.managementPort`   | Sets the port to expose the management API on.                                  | `8016`                             |
 | `flagdProxyConfiguration.image.repository` | Sets the image for the flagd-proxy deployment.                                  | `ghcr.io/open-feature/flagd-proxy` |
-| `flagdProxyConfiguration.image.tag`        | Sets the tag for the flagd-proxy deployment.                                    | `v0.3.2`                           |
+| `flagdProxyConfiguration.image.tag`        | Sets the tag for the flagd-proxy deployment.                                    | `v0.5.0`                           |
 | `flagdProxyConfiguration.debugLogging`     | Controls the addition of the `--debug` flag to the container startup arguments. | `false`                            |
 
 ### Operator resource configuration