diff --git a/platform/mellanox/mlnx-sai.mk b/platform/mellanox/mlnx-sai.mk
index c8a0949935..2714d47394 100644
--- a/platform/mellanox/mlnx-sai.mk
+++ b/platform/mellanox/mlnx-sai.mk
@@ -1,6 +1,6 @@
 # Mellanox SAI
 
-MLNX_SAI_VERSION = SAIBuild2211.24.0.21
+MLNX_SAI_VERSION = SAIBuild2305.24.0.1
 
 export MLNX_SAI_VERSION
 
diff --git a/platform/mellanox/mlnx-sai/SAI-Implementation b/platform/mellanox/mlnx-sai/SAI-Implementation
index 3c07c276a7..ec7fa674f1 160000
--- a/platform/mellanox/mlnx-sai/SAI-Implementation
+++ b/platform/mellanox/mlnx-sai/SAI-Implementation
@@ -1 +1 @@
-Subproject commit 3c07c276a725af0b7aa31b41c176a83c152a3512
+Subproject commit ec7fa674f143809e602a56b6ef5d279ade8b77d2