diff --git a/CHANGELOG.md b/CHANGELOG.md
index aed2ebef..2bde8239 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,27 @@
 
 All notable changes to this project are documented in this file.
 
+## 1.7.3
+
+**Release date:** 2025-11-19
+
+This patch release comes with a series of bug fixes, including
+Azure Workload Identity in Azure China Cloud. It also adds a
+feature gate to disable the ConfigMap and Secret watchers,
+`DisableConfigWatchers`.
+
+Fixes:
+- Fix: skip trying to decrypt remote patches as local
+  [#1548](https://github.com/fluxcd/kustomize-controller/pull/1548)
+- Add GVK to error message
+  [#1547](https://github.com/fluxcd/kustomize-controller/pull/1547)
+
+Improvements:
+- Add feature gate for disabling config watchers
+  [#1553](https://github.com/fluxcd/kustomize-controller/pull/1553)
+- Upgrade k8s to 1.34.2 and c-r to 0.22.4
+  [#1551](https://github.com/fluxcd/kustomize-controller/pull/1551)
+
 ## 1.7.2
 
 **Release date:** 2025-10-28
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 43e676bf..24a9773d 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/kustomize-controller
     newName: fluxcd/kustomize-controller
-    newTag: v1.7.2
+    newTag: v1.7.3
diff --git a/go.mod b/go.mod
index 66d516f3..a9ba9f36 100644
--- a/go.mod
+++ b/go.mod
@@ -19,7 +19,7 @@ require (
 	github.com/cyphar/filepath-securejoin v0.6.0
 	github.com/dimchansky/utfbom v1.1.1
 	github.com/fluxcd/cli-utils v0.36.0-flux.15
-	github.com/fluxcd/kustomize-controller/api v1.7.2
+	github.com/fluxcd/kustomize-controller/api v1.7.3
 	github.com/fluxcd/pkg/apis/acl v0.9.0
 	github.com/fluxcd/pkg/apis/event v0.21.0
 	github.com/fluxcd/pkg/apis/kustomize v1.14.0