diff --git a/component/pom.xml b/component/pom.xml
index 5012b084..d51c2e9a 100644
--- a/component/pom.xml
+++ b/component/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.siddhi.extension.io.kafka</groupId>
         <artifactId>siddhi-io-kafka-parent</artifactId>
-        <version>5.0.16-SNAPSHOT</version>
+        <version>5.0.16</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/pom.xml b/pom.xml
index 042c55e0..42013080 100644
--- a/pom.xml
+++ b/pom.xml
@@ -28,7 +28,7 @@
 
     <groupId>io.siddhi.extension.io.kafka</groupId>
     <artifactId>siddhi-io-kafka-parent</artifactId>
-    <version>5.0.16-SNAPSHOT</version>
+    <version>5.0.16</version>
     <name>Siddhi IO Kafka Extension Parent</name>
 
     <profiles>
@@ -73,7 +73,7 @@
         <url>https://github.com/siddhi-io/siddhi-io-kafka.git</url>
         <developerConnection>scm:git:https://github.com/siddhi-io/siddhi-io-kafka.git
         </developerConnection>
-        <tag>HEAD</tag>
+        <tag>v5.0.16</tag>
     </scm>
 
     <dependencyManagement>