diff --git a/CHANGELOG.md b/CHANGELOG.md
index ecc334c..703150e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,12 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/).
 
 ## [Unreleased]
 
+## [0.3.1] - 2026-03-09
+
+### Fixed
+
+- **`executable_task` command parsing** — `shlex.split` is now applied correctly to the command string returned by the decorated function, ensuring commands with arguments and quoted strings are parsed properly.
+
 ## [0.3.0] - 2026-02-24
 
 ### Added
diff --git a/VERSION b/VERSION
index 0d91a54..9e11b32 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.3.0
+0.3.1
diff --git a/pyproject.toml b/pyproject.toml
index d8f26b3..39792d8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "radical.asyncflow"
-version = "0.3.0"
+version = "0.3.1"
 description = "A High Performance Asynchronous Workflow Scripting Library"
 
 authors = [