diff --git a/VERSION b/VERSION
index ad9c32c6ff13c..fd13de6ab8c2e 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.12.3-2024.10.28-20100fc54
\ No newline at end of file
+2.12.3-2024.11.14-d7a4c4e7e
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diff --git a/changelog/CHANGELOG-2.12.3-2024.11.14-d7a4c4e7e.md b/changelog/CHANGELOG-2.12.3-2024.11.14-d7a4c4e7e.md
new file mode 100644
index 0000000000000..b865f7475ea3d
--- /dev/null
+++ b/changelog/CHANGELOG-2.12.3-2024.11.14-d7a4c4e7e.md
@@ -0,0 +1,2 @@
+### Changes
+-  fix(event-reporter): fixed issue when if managed resource in degraded state and all of it child nodes in non-degraded state no error reported
\ No newline at end of file