diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2999c36e..9853b632 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,8 @@
 # Change Log
+## [4.59.3](https://github.com/plivo/plivo-python/tree/v4.59.3) (2025-10-08)
+**Feature - New Param added for Start Recording API.**
+- Support `transcription_report_type` in Start Recording API and `transcriptionReportType` in Record XML.
+
 ## [4.59.2](https://github.com/plivo/plivo-python/tree/v4.59.2) (2025-08-06)
 **Feature - Expanded Media Type Support for Media Upload**
 - Added support for additional media file formats: GIF, MP3, WAV, OGG, 3GPP, 3GPP2, VCARD, CSV, XLS, XLSX, and PLAIN text files
diff --git a/plivo/resources/calls.py b/plivo/resources/calls.py
index 17fe09bd..55d3972e 100644
--- a/plivo/resources/calls.py
+++ b/plivo/resources/calls.py
@@ -31,6 +31,7 @@ def record(self,
                transcription_type=None,
                transcription_url=None,
                transcription_method=None,
+               transcription_report_type=None,
                callback_url=None,
                callback_method=None,
                record_channel_type=None):
@@ -43,6 +44,7 @@ def start_recording(self,
                         transcription_type=None,
                         transcription_url=None,
                         transcription_method=None,
+                        transcription_report_type=None,
                         callback_url=None,
                         callback_method=None):
         return self.client.calls.start_recording(self.id,
@@ -345,6 +347,7 @@ def record(self,
                transcription_type=None,
                transcription_url=None,
                transcription_method=None,
+               transcription_report_type=None,
                callback_url=None,
                callback_method=None,
                record_channel_type=None):
@@ -359,6 +362,7 @@ def start_recording(self,
                         transcription_type=None,
                         transcription_url=None,
                         transcription_method=None,
+                        transcription_report_type=None,
                         callback_url=None,
                         callback_method=None,
                         record_channel_type=None):
diff --git a/plivo/version.py b/plivo/version.py
index 58e258a1..9222a418 100644
--- a/plivo/version.py
+++ b/plivo/version.py
@@ -1,2 +1,2 @@
 # -*- coding: utf-8 -*-
-__version__ = '4.59.2'
+__version__ = '4.59.3'
diff --git a/plivo/xml/ResponseElement.py b/plivo/xml/ResponseElement.py
index 6860b8a7..5da76736 100644
--- a/plivo/xml/ResponseElement.py
+++ b/plivo/xml/ResponseElement.py
@@ -259,6 +259,7 @@ def add_record(
             start_on_dial_answer=None,
             transcription_type=None,
             transcription_url=None,
+            transcription_report_type=None,
             transcription_method=None,
             callback_url=None,
             callback_method=None,
@@ -277,6 +278,7 @@ def add_record(
                 start_on_dial_answer=start_on_dial_answer,
                 transcription_type=transcription_type,
                 transcription_url=transcription_url,
+                transcription_report_type=transcription_report_type,
                 transcription_method=transcription_method,
                 callback_url=callback_url,
                 callback_method=callback_method,
diff --git a/plivo/xml/recordElement.py b/plivo/xml/recordElement.py
index a703bc19..423687e0 100644
--- a/plivo/xml/recordElement.py
+++ b/plivo/xml/recordElement.py
@@ -206,6 +206,22 @@ def transcription_method(self, value):
     def set_transcription_method(self, value):
         self.transcription_method = value
         return self
+    
+    @property
+    def transcription_report_type(self):
+        return self.__transcription_report_type
+
+    @transcription_report_type.setter
+    def transcription_report_type(self, value):
+        self.__transcription_report_type = six.text_type(
+            value) if value is not None else None
+
+    @validate_args(
+        value=[of_type(six.text_type)],
+    )
+    def set_transcription_report_type(self, value):
+        self.transcription_report_type = value
+        return self
 
     @property
     def callback_url(self):
@@ -270,6 +286,7 @@ def __init__(
             transcription_type=None,
             transcription_url=None,
             transcription_method=None,
+            transcription_report_type=None,
             callback_url=None,
             callback_method=None,
             record_channel_type=None
@@ -288,6 +305,7 @@ def __init__(
         self.start_on_dial_answer = start_on_dial_answer
         self.transcription_type = transcription_type
         self.transcription_url = transcription_url
+        self.transcription_report_type = transcription_report_type
         self.transcription_method = transcription_method
         self.callback_url = callback_url
         self.callback_method = callback_method
@@ -308,6 +326,7 @@ def to_dict(self):
             'transcriptionType': self.transcription_type,
             'transcriptionUrl': self.transcription_url,
             'transcriptionMethod': self.transcription_method,
+            'transcriptionReportType': self.transcription_report_type,
             'callbackUrl': self.callback_url,
             'callbackMethod': self.callback_method,
             'recordChannelType': self.record_channel_type
diff --git a/setup.py b/setup.py
index 706051a3..eed8d66c 100644
--- a/setup.py
+++ b/setup.py
@@ -10,7 +10,7 @@
 
 setup(
     name='plivo',
-    version='4.59.2',
+    version='4.59.3',
     description='A Python SDK to make voice calls & send SMS using Plivo and to generate Plivo XML',
     long_description=long_description,
     url='https://github.com/plivo/plivo-python',