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<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Action_Initiation_Or_Action_Taken_Or_Order_Passed/2026-03-31/in-capmkt/in-capmkt-ent" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.w3.org/1999/xlink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2026-03-31.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">506655</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-10-01</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_ActionsInitiated1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">506655</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-10-01</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ActionsInitiatedOrOrdersPassedAxis"><in-capmkt:ActionsInitiatedOrOrdersPassedDomain>ActionsInitiatedOrOrdersPassedDomain1</in-capmkt:ActionsInitiatedOrOrdersPassedDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_ActionsInitiated1_PersonsAgainstWhomActionsInitiated1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">506655</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-10-01</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember 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id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">SUDARSCHEM</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">Sudarshan Chemical Industries Limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">506655</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE659A01023</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfEvent contextRef="MainI">Action(s) initiated or orders passed (sub-para 19)</in-capmkt:TypeOfEvent><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting contextRef="MainI">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting><in-capmkt:DateOfOccurrenceOfEventOrInformation contextRef="MainI">2026-10-01</in-capmkt:DateOfOccurrenceOfEventOrInformation><in-capmkt:TimeOfOccurrenceOfEventOrInformation contextRef="MainI">12:20:00</in-capmkt:TimeOfOccurrenceOfEventOrInformation><in-capmkt:DateOfReport contextRef="MainI">2026-10-01</in-capmkt:DateOfReport><in-capmkt:TypeOfActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Search or seizure</in-capmkt:TypeOfActionsInitiatedOrOrdersPassed><in-capmkt:ActionsInitiatedOrOrdersPassedBy contextRef="I_ActionsInitiated1">Statutory Authority</in-capmkt:ActionsInitiatedOrOrdersPassedBy><in-capmkt:NameOfAuthorityFromWhomActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Deputy Commissioner of State Tax, Maharashtra State, Mumbai</in-capmkt:NameOfAuthorityFromWhomActionsInitiatedOrOrdersPassed><in-capmkt:NumberOfPersonsAgainstWhomActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1" unitRef="pure" decimals="0">1</in-capmkt:NumberOfPersonsAgainstWhomActionsInitiatedOrOrdersPassed><in-capmkt:ActionsInitiatedOrOrdersPassedAgainst contextRef="I_ActionsInitiated1_PersonsAgainstWhomActionsInitiated1">Listed Entity (Self)</in-capmkt:ActionsInitiatedOrOrdersPassedAgainst><in-capmkt:NameOfPersonAgainstWhomActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1_PersonsAgainstWhomActionsInitiated1">Sudarshan Chemical Industries Limited</in-capmkt:NameOfPersonAgainstWhomActionsInitiatedOrOrdersPassed><in-capmkt:TypeOfCommunicationReceivedForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Inspection/Search</in-capmkt:TypeOfCommunicationReceivedForActionsInitiatedOrOrdersPassed><in-capmkt:NatureAndDetailsOfTheActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Inspection/search proceeding was initiated at some of the Company’s office(s) and manufacturing unit(s) on Thursday, 1st October, 2026 under Section 67 of the Maharashtra Goods and Services Tax Act, 2017</in-capmkt:NatureAndDetailsOfTheActionsInitiatedOrOrdersPassed><in-capmkt:DateOfReceiptOfCommunicationReceivedForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">2026-10-01</in-capmkt:DateOfReceiptOfCommunicationReceivedForActionsInitiatedOrOrdersPassed><in-capmkt:BriefDetailsOfTheMaterialContentsOfTheCommunicationReceivedForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Inspection/search proceeding was initiated at some of the Company’s office(s) and manufacturing unit(s) on Thursday, 1st October, 2026 under Section 67 of the Maharashtra Goods and Services Tax Act, 2017</in-capmkt:BriefDetailsOfTheMaterialContentsOfTheCommunicationReceivedForActionsInitiatedOrOrdersPassed><in-capmkt:PeriodForWhichCommunicationWouldBeApplicableForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Not Applicable</in-capmkt:PeriodForWhichCommunicationWouldBeApplicableForActionsInitiatedOrOrdersPassed><in-capmkt:ExpectedImpactOfActionInitiatedOnFinancialAndOperationalOrOtherActivitiesOfTheListedEntity contextRef="I_ActionsInitiated1">At present, there is no material impact on the financials, business operations or any other activities of the Company due to the aforesaid inspection/search proceedings.		</in-capmkt:ExpectedImpactOfActionInitiatedOnFinancialAndOperationalOrOtherActivitiesOfTheListedEntity><in-capmkt:DetailsOfAnyAberrationsOrNonCompliancesOrViolationsOrContraventionsIdentifiedByTheAuthorityInTheCommunicationForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">No communication has been made in this regard yet. 		</in-capmkt:DetailsOfAnyAberrationsOrNonCompliancesOrViolationsOrContraventionsIdentifiedByTheAuthorityInTheCommunicationForActionsInitiatedOrOrdersPassed><in-capmkt:DetailsOfAnyPenaltyOrRestrictionOrSanctionImposedPursuantToTheCommunicationForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">No communication has been made in this regard yet. 		</in-capmkt:DetailsOfAnyPenaltyOrRestrictionOrSanctionImposedPursuantToTheCommunicationForActionsInitiatedOrOrdersPassed><in-capmkt:ActionsTakenByListedCompanyWithRespectToTheCommunicationForActionsInitiatedOrOrdersPassed contextRef="I_ActionsInitiated1">Currently the inspection/search proceeding is underway and the Company is extending full co-operation and assistance to the Maharashtra State GST officials.		</in-capmkt:ActionsTakenByListedCompanyWithRespectToTheCommunicationForActionsInitiatedOrOrdersPassed><in-capmkt:NameOfTheSignatory contextRef="I_Signatories1">Rajesh Rathi</in-capmkt:NameOfTheSignatory><in-capmkt:DesignationOfTheSignatory contextRef="I_Signatories1">Chairman and Managing Director</in-capmkt:DesignationOfTheSignatory><in-capmkt:DateOfOfTheSignatory contextRef="I_Signatories1">2026-10-01</in-capmkt:DateOfOfTheSignatory><in-capmkt:PlaceOfOfTheSignatory contextRef="I_Signatories1">Pune</in-capmkt:PlaceOfOfTheSignatory></xbrli:xbrl>
