diff --git a/README.md b/README.md
index a6bfaab61..372b393e3 100644
--- a/README.md
+++ b/README.md
@@ -51,10 +51,10 @@ Kompose is released via GitHub on a three-week cycle, you can see all current re
 
 ```sh
 # Linux
-curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.0/kompose-linux-amd64 -o kompose
+curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.1/kompose-linux-amd64 -o kompose
 
 # macOS
-curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.0/kompose-darwin-amd64 -o kompose
+curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.1/kompose-darwin-amd64 -o kompose
 
 chmod +x kompose
 sudo mv ./kompose /usr/local/bin/kompose
@@ -62,7 +62,7 @@ sudo mv ./kompose /usr/local/bin/kompose
 
 **Windows:**
 
-Download from [GitHub](https://github.com/kubernetes/kompose/releases/download/v1.31.0/kompose-windows-amd64.exe) and add the binary to your PATH.
+Download from [GitHub](https://github.com/kubernetes/kompose/releases/download/v1.31.1/kompose-windows-amd64.exe) and add the binary to your PATH.
 
 ## Shell autocompletion
 
diff --git a/build/VERSION b/build/VERSION
index 34aae156b..6bae54024 100644
--- a/build/VERSION
+++ b/build/VERSION
@@ -1 +1 @@
-1.31.0
+1.31.1
diff --git a/docs/installation.md b/docs/installation.md
index 4e7c88c89..194fd82b0 100644
--- a/docs/installation.md
+++ b/docs/installation.md
@@ -22,10 +22,10 @@ Kompose is released via GitHub, you can see all current releases on the [GitHub
 
 ```sh
 # Linux
-curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.0/kompose-linux-amd64 -o kompose
+curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.1/kompose-linux-amd64 -o kompose
 
 # macOS
-curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.0/kompose-darwin-amd64 -o kompose
+curl -L https://github.com/kubernetes/kompose/releases/download/v1.31.1/kompose-darwin-amd64 -o kompose
 
 chmod +x kompose
 sudo mv ./kompose /usr/local/bin/kompose
@@ -33,7 +33,7 @@ sudo mv ./kompose /usr/local/bin/kompose
 
 **Windows:**
 
-Download from [GitHub](https://github.com/kubernetes/kompose/releases/download/v1.31.0/kompose-windows-amd64.exe) and add the binary to your PATH.
+Download from [GitHub](https://github.com/kubernetes/kompose/releases/download/v1.31.1/kompose-windows-amd64.exe) and add the binary to your PATH.
 
 ## Go
 
diff --git a/pkg/version/version.go b/pkg/version/version.go
index 6a37b136a..bdc2e8860 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -2,7 +2,7 @@ package version
 
 var (
 	// VERSION  is version number that will be displayed when running ./kompose version
-	VERSION = "1.31.0"
+	VERSION = "1.31.1"
 	// GITCOMMIT is hash of the commit that will be displayed when running ./kompose version
 	// this will be overwritten when running  build like this: go build -ldflags="-X github.com/kubernetes/kompose/pkg/version.GITCOMMIT=$(GITCOMMIT)"
 	// HEAD is default indicating that this was not set during build