diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3dba99ebb..3eb88f4c0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Release 535 Entries
 
+### [535.161.08] 2024-03-18
+
 ### [535.161.07] 2024-02-22
 
 ### [535.154.05] 2024-01-16
diff --git a/README.md b/README.md
index b7119fe22..ed8c2e8b3 100644
--- a/README.md
+++ b/README.md
@@ -1,7 +1,7 @@
 # NVIDIA Linux Open GPU Kernel Module Source
 
 This is the source release of the NVIDIA Linux open GPU kernel modules,
-version 535.161.07.
+version 535.161.08.
 
 
 ## How to Build
@@ -17,7 +17,7 @@ as root:
 
 Note that the kernel modules built here must be used with GSP
 firmware and user-space NVIDIA GPU driver components from a corresponding
-535.161.07 driver release.  This can be achieved by installing
+535.161.08 driver release.  This can be achieved by installing
 the NVIDIA GPU driver from the .run file using the `--no-kernel-modules`
 option.  E.g.,
 
@@ -180,7 +180,7 @@ software applications.
 ## Compatible GPUs
 
 The open-gpu-kernel-modules can be used on any Turing or later GPU
-(see the table below). However, in the 535.161.07 release,
+(see the table below). However, in the 535.161.08 release,
 GeForce and Workstation support is still considered alpha-quality.
 
 To enable use of the open kernel modules on GeForce and Workstation GPUs,
@@ -188,7 +188,7 @@ set the "NVreg_OpenRmEnableUnsupportedGpus" nvidia.ko kernel module
 parameter to 1. For more details, see the NVIDIA GPU driver end user
 README here:
 
-https://us.download.nvidia.com/XFree86/Linux-x86_64/535.161.07/README/kernel_open.html
+https://us.download.nvidia.com/XFree86/Linux-x86_64/535.161.08/README/kernel_open.html
 
 In the below table, if three IDs are listed, the first is the PCI Device 
 ID, the second is the PCI Subsystem Vendor ID, and the third is the PCI
diff --git a/kernel-open/Kbuild b/kernel-open/Kbuild
index 00af291a0..89ffcae8c 100644
--- a/kernel-open/Kbuild
+++ b/kernel-open/Kbuild
@@ -72,7 +72,7 @@ EXTRA_CFLAGS += -I$(src)/common/inc
 EXTRA_CFLAGS += -I$(src)
 EXTRA_CFLAGS += -Wall $(DEFINES) $(INCLUDES) -Wno-cast-qual -Wno-error -Wno-format-extra-args
 EXTRA_CFLAGS += -D__KERNEL__ -DMODULE -DNVRM
-EXTRA_CFLAGS += -DNV_VERSION_STRING=\"535.161.07\"
+EXTRA_CFLAGS += -DNV_VERSION_STRING=\"535.161.08\"
 
 ifneq ($(SYSSRCHOST1X),)
  EXTRA_CFLAGS += -I$(SYSSRCHOST1X)
diff --git a/src/common/inc/nvBldVer.h b/src/common/inc/nvBldVer.h
index 3cdca98de..e7d210c34 100644
--- a/src/common/inc/nvBldVer.h
+++ b/src/common/inc/nvBldVer.h
@@ -43,18 +43,18 @@
 #endif
 
 #if defined(NV_LINUX) || defined(NV_BSD) || defined(NV_SUNOS)
-#define NV_BUILD_BRANCH_VERSION         "rel/gpu_drv/r535/r538_27-450"
-#define NV_BUILD_CHANGELIST_NUM         (33916993)
+#define NV_BUILD_BRANCH_VERSION         "rel/gpu_drv/r535/r538_27-451"
+#define NV_BUILD_CHANGELIST_NUM         (33992350)
 #define NV_BUILD_TYPE                   "Official"
-#define NV_BUILD_NAME                   "rel/gpu_drv/r535/r538_27-450"
-#define NV_LAST_OFFICIAL_CHANGELIST_NUM (33916993)
+#define NV_BUILD_NAME                   "rel/gpu_drv/r535/r538_27-451"
+#define NV_LAST_OFFICIAL_CHANGELIST_NUM (33992350)
 
 #else     /* Windows builds */
-#define NV_BUILD_BRANCH_VERSION         "r538_27-5"
-#define NV_BUILD_CHANGELIST_NUM         (33810369)
+#define NV_BUILD_BRANCH_VERSION         "r538_27-6"
+#define NV_BUILD_CHANGELIST_NUM         (33992350)
 #define NV_BUILD_TYPE                   "Official"
-#define NV_BUILD_NAME                   "538.33"
-#define NV_LAST_OFFICIAL_CHANGELIST_NUM (33810369)
+#define NV_BUILD_NAME                   "538.46"
+#define NV_LAST_OFFICIAL_CHANGELIST_NUM (33992350)
 #define NV_BUILD_BRANCH_BASE_VERSION    R535
 #endif
 // End buildmeister python edited section
diff --git a/src/common/inc/nvUnixVersion.h b/src/common/inc/nvUnixVersion.h
index 0d9abbfd3..27571f503 100644
--- a/src/common/inc/nvUnixVersion.h
+++ b/src/common/inc/nvUnixVersion.h
@@ -4,7 +4,7 @@
 #if defined(NV_LINUX) || defined(NV_BSD) || defined(NV_SUNOS) || defined(NV_VMWARE) || defined(NV_QNX) || defined(NV_INTEGRITY) || \
     (defined(RMCFG_FEATURE_PLATFORM_GSP) && RMCFG_FEATURE_PLATFORM_GSP == 1)
 
-#define NV_VERSION_STRING               "535.161.07"
+#define NV_VERSION_STRING               "535.161.08"
 
 #else
 
diff --git a/version.mk b/version.mk
index 772455f5d..6b93c37df 100644
--- a/version.mk
+++ b/version.mk
@@ -1,4 +1,4 @@
-NVIDIA_VERSION = 535.161.07
+NVIDIA_VERSION = 535.161.08
 
 # This file.
 VERSION_MK_FILE := $(lastword $(MAKEFILE_LIST))