diff --git a/meson.build b/meson.build
index bbd0d08b4037..e2b5672b7cc3 100644
--- a/meson.build
+++ b/meson.build
@@ -4,7 +4,7 @@ project(
   # Note that the git commit hash cannot be added dynamically here (it is added
   # in the dynamically generated and installed `scipy/version.py` though - see
   # tools/version_utils.py
-  version: '1.11.3.dev0',
+  version: '1.11.3',
   license: 'BSD-3',
   meson_version: '>= 1.1.0',
   default_options: [
diff --git a/tools/version_utils.py b/tools/version_utils.py
index 2e5ae186c7dd..93519ac64fbc 100644
--- a/tools/version_utils.py
+++ b/tools/version_utils.py
@@ -6,7 +6,7 @@
 MAJOR = 1
 MINOR = 11
 MICRO = 3
-ISRELEASED = False
+ISRELEASED = True
 IS_RELEASE_BRANCH = True
 VERSION = '%d.%d.%d' % (MAJOR, MINOR, MICRO)