diff --git a/README.md b/README.md
index 7b5d5e93f6..a65db43e46 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # Partner Management Services (PMS)
-[![Maven Package upon a push](https://github.com/mosip/partner-management-services/actions/workflows/push_trigger.yml/badge.svg?branch=develop)](https://github.com/mosip/partner-management-services/actions/workflows/push_trigger.yml)
-[![Quality Gate Status](https://sonarcloud.io/api/project_badges/measure?branch=develop&project=mosip_partner-management-services&metric=alert_status)](https://sonarcloud.io/dashboard?branch=develop&id=mosip_partner-management-services)
+[![Maven Package upon a push](https://github.com/mosip/partner-management-services/actions/workflows/push_trigger.yml/badge.svg?branch=release-1.2.0.1)](https://github.com/mosip/partner-management-services/actions/workflows/push_trigger.yml)
+[![Quality Gate Status](https://sonarcloud.io/api/project_badges/measure?branch=release-1.2.0.1&project=mosip_partner-management-services&metric=alert_status)](https://sonarcloud.io/dashboard?branch=release-1.2.0.1&id=mosip_partner-management-services)
 
 ## Overview
 This repository contains the source code MOSIP Partner Management module. For an overview refer [here](https://docs.mosip.io/1.2.0/modules/partner-management-services).  The module exposes API endpoints. For a reference front-end UI implementation refer to [Partner-management UI github repo](https://github.com/mosip/partner-management-portal/)
diff --git a/partner/partner-management-service/pom.xml b/partner/partner-management-service/pom.xml
index 0248282246..d93e50aabc 100644
--- a/partner/partner-management-service/pom.xml
+++ b/partner/partner-management-service/pom.xml
@@ -5,10 +5,10 @@
 	<parent>
 		<artifactId>pms-parent</artifactId>
 		<groupId>io.mosip.pms</groupId>
-		<version>1.2.0.1-SNAPSHOT</version>
+		<version>1.2.0.1-B1</version>
 	</parent>
 		
-	<version>1.2.0.1-SNAPSHOT</version>
+	<version>1.2.0.1-B1</version>
 	<artifactId>partner-management-service</artifactId>
 	<name>partner-management-service</name>
 	
@@ -26,7 +26,7 @@
 		<dependency>
 			<groupId>io.mosip.pms</groupId>
 			<artifactId>pms-common</artifactId>
-			<version>1.2.0.1-SNAPSHOT</version>
+			<version>1.2.0.1-B1</version>
 		</dependency>
 		<dependency>
 			<groupId>org.springframework.boot</groupId>
diff --git a/partner/pms-common/pom.xml b/partner/pms-common/pom.xml
index 3d9fc54ad6..f3dd0cd2d8 100644
--- a/partner/pms-common/pom.xml
+++ b/partner/pms-common/pom.xml
@@ -6,10 +6,10 @@
   <parent>
     <groupId>io.mosip.pms</groupId>
     <artifactId>pms-parent</artifactId>
-    <version>1.2.0.1-SNAPSHOT</version>
+    <version>1.2.0.1-B1</version>
   </parent>   
   <artifactId>pms-common</artifactId>
-  <version>1.2.0.1-SNAPSHOT</version>
+  <version>1.2.0.1-B1</version>
   <name>pms-common</name>
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
diff --git a/partner/policy-management-service/pom.xml b/partner/policy-management-service/pom.xml
index 1b77fcc35c..54e2ddebac 100644
--- a/partner/policy-management-service/pom.xml
+++ b/partner/policy-management-service/pom.xml
@@ -5,22 +5,22 @@
 	<parent>
 		<artifactId>pms-parent</artifactId>
 		<groupId>io.mosip.pms</groupId>
-		<version>1.2.0.1-SNAPSHOT</version>
+		<version>1.2.0.1-B1</version>
 	</parent>
 	
-	<version>1.2.0.1-SNAPSHOT</version>
+	<version>1.2.0.1-B1</version>
 	<artifactId>policy-management-service</artifactId>
 	<name>policy-management-service</name>
 	<dependencies>
 		<dependency>
 			<groupId>io.mosip.pms</groupId>
 			<artifactId>policy-validator</artifactId>
-            <version>1.2.0.1-SNAPSHOT</version>			
+            <version>1.2.0.1-B1</version>			
 		</dependency>
 		<dependency>
 			<groupId>io.mosip.pms</groupId>
 			<artifactId>pms-common</artifactId>
-			<version>1.2.0.1-SNAPSHOT</version>
+			<version>1.2.0.1-B1</version>
 		</dependency>		
 		<dependency>
 			<groupId>io.micrometer</groupId>
diff --git a/partner/policy-validator/pom.xml b/partner/policy-validator/pom.xml
index fffab7f77d..85a7a469a2 100644
--- a/partner/policy-validator/pom.xml
+++ b/partner/policy-validator/pom.xml
@@ -6,10 +6,10 @@
   <parent>
     <groupId>io.mosip.pms</groupId>
     <artifactId>pms-parent</artifactId>
-    <version>1.2.0.1-SNAPSHOT</version>
+    <version>1.2.0.1-B1</version>
   </parent>   
   <artifactId>policy-validator</artifactId>
-  <version>1.2.0.1-SNAPSHOT</version>
+  <version>1.2.0.1-B1</version>
   <name>policy-validator</name>
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
diff --git a/partner/pom.xml b/partner/pom.xml
index c5d61bb5af..70f3cb65c8 100644
--- a/partner/pom.xml
+++ b/partner/pom.xml
@@ -5,7 +5,7 @@
 	<groupId>io.mosip.pms</groupId>
 	<artifactId>pms-parent</artifactId>
 	<packaging>pom</packaging>
-	<version>1.2.0.1-SNAPSHOT</version>
+	<version>1.2.0.1-B1</version>
 	
 	<name>partner-management-services</name>
 	<description>Parent project of MOSIP partner-management-services</description>
@@ -67,10 +67,10 @@
 	</distributionManagement>	
 
 	<properties>
-		<kernel.version>1.2.0.1-SNAPSHOT</kernel.version>		
-		<kernel-dataaccess-hibernate.version>1.2.0.1-SNAPSHOT</kernel-dataaccess-hibernate.version>
-		<kernel-websubclient-api.version>1.2.0.1-SNAPSHOT</kernel-websubclient-api.version>
-		<kernel.templatemanager.velocity.version>1.2.0.1-SNAPSHOT</kernel.templatemanager.velocity.version>
+		<kernel.version>1.2.0.1-B1</kernel.version>		
+		<kernel-dataaccess-hibernate.version>1.2.0.1-B1</kernel-dataaccess-hibernate.version>
+		<kernel-websubclient-api.version>1.2.0.1-B1</kernel-websubclient-api.version>
+		<kernel.templatemanager.velocity.version>1.2.0.1-B1</kernel.templatemanager.velocity.version>
 		<maven.jar.plugin.version>3.0.2</maven.jar.plugin.version>
 		<maven.war.plugin.version>3.1.0</maven.war.plugin.version>
 		<maven.compiler.source>11</maven.compiler.source>