diff --git a/_service b/_service
index c530a94..d0d4421 100644
--- a/_service
+++ b/_service
@@ -2,7 +2,7 @@
   <service name="obs_scm" mode="manual">
     <param name="url">https://github.com/containers/podman.git</param>
     <param name="scm">git</param>
-    <param name="revision">v5.3.0</param>
+    <param name="revision">v5.3.1</param>
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="changesgenerate">enable</param>
     <param name="versionrewrite-pattern">v(.*)</param>
diff --git a/_servicedata b/_servicedata
index 3ddcfd8..52683e2 100644
--- a/_servicedata
+++ b/_servicedata
@@ -1,4 +1,4 @@
 <servicedata>
 <service name="tar_scm">
                 <param name="url">https://github.com/containers/podman.git</param>
-              <param name="changesrevision">874bf2c301ecf0ba645f1bb45f81966cc755b7da</param></service></servicedata>
\ No newline at end of file
+              <param name="changesrevision">4cbdfde5d862dcdbe450c0f1d76ad75360f67a3c</param></service></servicedata>
\ No newline at end of file
diff --git a/podman-5.3.0.obscpio b/podman-5.3.0.obscpio
deleted file mode 100644
index 5c74df1..0000000
--- a/podman-5.3.0.obscpio
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:1335489dd8ae33de44593440297cd7d7272c20cc48cbdaf5d95921bebb362ef5
-size 111504910
diff --git a/podman-5.3.1.obscpio b/podman-5.3.1.obscpio
new file mode 100644
index 0000000..bdd7b5c
--- /dev/null
+++ b/podman-5.3.1.obscpio
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:33b098fc56781b1b963652d353634682b3a0d5d15723b760d931185e7b8ea586
+size 111512078
diff --git a/podman.changes b/podman.changes
index 711500f..34c3874 100644
--- a/podman.changes
+++ b/podman.changes
@@ -1,3 +1,24 @@
+-------------------------------------------------------------------
+Tue Nov 26 05:59:43 UTC 2024 - madhankumar.chellamuthu@suse.com
+
+- Update to version 5.3.1:
+  * Bump to v5.3.1
+  * Update release notes for v5.3.1
+  * Update windows installer tests
+  * Windows: don't install WSL/HyperV on update
+  * Switch to non-installing WSL by default
+  * docs: add 5.3 as Reference version
+  * only read ssh_config for non machine connections
+  * ssh_config: allow IdentityFile file with tilde
+  * ssh_config: do not overwrite values from config file
+  * connection: ignore errors when parsing ssh_config
+  * spec: clamp rlimits in a userns
+  * cirrus: set proper DEST_BRANCH for 5.3
+  * libpod: addHosts() prevent nil deref
+  * Bump bundled krunkit to 0.1.4
+  * fix podman machine init --ignition-path
+  * Bump to v5.3.1-dev
+
 -------------------------------------------------------------------
 Mon Nov 18 05:55:40 UTC 2024 - madhankumar.chellamuthu@suse.com
 
diff --git a/podman.obsinfo b/podman.obsinfo
index 2417d71..01f63a8 100644
--- a/podman.obsinfo
+++ b/podman.obsinfo
@@ -1,4 +1,4 @@
 name: podman
-version: 5.3.0
-mtime: 1731427817
-commit: 874bf2c301ecf0ba645f1bb45f81966cc755b7da
+version: 5.3.1
+mtime: 1732196420
+commit: 4cbdfde5d862dcdbe450c0f1d76ad75360f67a3c
diff --git a/podman.spec b/podman.spec
index bdfea2f..d7f3235 100644
--- a/podman.spec
+++ b/podman.spec
@@ -22,7 +22,7 @@
 %bcond_without  apparmor
 
 Name:           podman
-Version:        5.3.0
+Version:        5.3.1
 Release:        0
 Summary:        Daemon-less container engine for managing containers, pods and images
 License:        Apache-2.0