diff --git a/CHANGELOG.md b/CHANGELOG.md
index 604eb056f51..4a0b98a42ef 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,7 +4,22 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [0.19.0] - 2025-MM-DD
+## [0.20.0] - MM/DD/2026
+
+### Added
+
+### Changed
+
+### Deprecated
+
+### Removed
+
+### Fixed
+
+### Security
+
+
+## [0.19.0] - 2025-10-06
 
 This release introduces a set of new `dpnp.ndarray` methods and SciPy-compatible functions to improve CuPy compatibility.
 It also enhances the performance of existing functions and improves documentation completeness.
@@ -77,7 +92,6 @@ This release is compatible with NumPy 2.3.3.
 * Added missing permission definition in `Autoupdate pre-commit` GitHub workflow [#2591](https://github.com/IntelPython/dpnp/pull/2591)
 * Resolved issue with the cyclic import in `linalg` submodule [#2608](https://github.com/IntelPython/dpnp/pull/2608)
 
-### Security
 
 ## [0.18.1] - 2025-06-24
 
diff --git a/CMakeLists.txt b/CMakeLists.txt
index cec18151f7f..8df985da685 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,7 +1,7 @@
 cmake_minimum_required(VERSION 3.21...3.27 FATAL_ERROR)
 
 project(dpnp
-  VERSION 0.19
+  VERSION 0.20
   LANGUAGES CXX
   DESCRIPTION "NumPy-like API accelerated by SYCL."
 )
diff --git a/conda-recipe/conda_build_config.yaml b/conda-recipe/conda_build_config.yaml
index c8b8c8d0c1e..c5df1a7f2e2 100644
--- a/conda-recipe/conda_build_config.yaml
+++ b/conda-recipe/conda_build_config.yaml
@@ -1,5 +1,5 @@
 numpy:
-    - '1.25'
+    - '1.26'
 c_compiler:                   # [linux]
     - gcc                     # [linux]
 cxx_compiler:                 # [linux]
diff --git a/conda-recipe/meta.yaml b/conda-recipe/meta.yaml
index 6c5099ab8be..af96e710de4 100644
--- a/conda-recipe/meta.yaml
+++ b/conda-recipe/meta.yaml
@@ -1,6 +1,6 @@
 {% set max_compiler_and_mkl_version = environ.get("MAX_BUILD_CMPL_MKL_VERSION", "2026.0a0") %}
 {% set required_compiler_and_mkl_version = "2025.0" %}
-{% set required_dpctl_version = "0.21.0*" %}
+{% set required_dpctl_version = "0.21.0" %}
 
 {% set pyproject = load_file_data('pyproject.toml') %}
 {% set py_build_deps = pyproject.get('build-system', {}).get('requires', []) %}
diff --git a/dpnp/tests/test_arraycreation.py b/dpnp/tests/test_arraycreation.py
index 8e4553dcbe4..28d51e8e6d3 100644
--- a/dpnp/tests/test_arraycreation.py
+++ b/dpnp/tests/test_arraycreation.py
@@ -938,12 +938,9 @@ def test_logspace(dtype, num, endpoint):
     assert_allclose(dpnp_res, np_res, rtol=1e-06)
 
 
+@testing.with_requires("numpy>=1.25.0")
 @pytest.mark.parametrize("axis", [0, 1])
 def test_logspace_axis(axis):
-    if numpy.lib.NumpyVersion(numpy.__version__) < "1.25.0":
-        pytest.skip(
-            "numpy.logspace supports a non-scalar base argument since 1.25.0"
-        )
     func = lambda xp: xp.logspace(
         [2, 3], [20, 15], num=2, base=[[1, 3], [5, 7]], axis=axis
     )
diff --git a/pyproject.toml b/pyproject.toml
index 5dc18141116..80c0674f669 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,10 +6,10 @@ requires = [
   "cmake>=3.31.6",
   "cython>=3.0.12",
   # WARNING: use only dpctl version available on PyPi
-  "dpctl>=0.19.0",
+  "dpctl>=0.20.0",
   "ninja>=1.11.1; platform_system!='Windows'",
   # NOTE: no DPNP restriction on NumPy version, so follow NumPy's drop schedule
-  "numpy>=1.25.0",
+  "numpy>=1.26.0",
   "scikit-build>=0.18.1",
   "setuptools>=79.0.1",
   "wheel>=0.45.1",
@@ -51,7 +51,7 @@ dependencies = [
   # "intel-cmplr-lib-rt>=0.59.0"
   # WARNING: use the latest dpctl dev version, otherwise stable w/f will fail
   "dpctl>=0.21.0dev0",
-  "numpy>=1.25.0"
+  "numpy>=1.26.0"
 ]
 description = "Data Parallel Extension for NumPy"
 dynamic = ["version"]