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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">538268</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-22</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_ActionsTaken1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">538268</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-22</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ActionsTakenOrOrdersPassedAxis"><in-capmkt:ActionsTakenOrOrdersPassedDomain>ActionsTakenOrOrdersPassedDomain1</in-capmkt:ActionsTakenOrOrdersPassedDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_ActionsTaken1_PersonsAgainstWhomActionsTaken1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">538268</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-22</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ActionsTakenOrOrdersPassedAxis"><in-capmkt:ActionsTakenOrOrdersPassedDomain>ActionsTakenOrOrdersPassedDomain1</in-capmkt:ActionsTakenOrOrdersPassedDomain></xbrldi:typedMember><xbrldi:typedMember dimension="in-capmkt:PersonsAgainstWhomActionsTakenOrOrdersPassedAxis"><in-capmkt:PersonsAgainstWhomActionsTakenOrOrdersPassedDomain>PersonsAgainstWhomActionsTakenOrOrdersPassedDomain1</in-capmkt:PersonsAgainstWhomActionsTakenOrOrdersPassedDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_Signatories1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">538268</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-22</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:SignatoriesAxis"><in-capmkt:SignatoriesDomain>SignatoriesDomain1</in-capmkt:SignatoriesDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">WONDERLA</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">Wonderla Holidays Limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">538268</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE066O01014</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfEvent contextRef="MainI">Action(s) taken or orders passed (sub-para 20)</in-capmkt:TypeOfEvent><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting contextRef="MainI">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting><in-capmkt:DateOfOccurrenceOfEventOrInformation contextRef="MainI">2026-08-21</in-capmkt:DateOfOccurrenceOfEventOrInformation><in-capmkt:TimeOfOccurrenceOfEventOrInformation contextRef="MainI">17:46:00</in-capmkt:TimeOfOccurrenceOfEventOrInformation><in-capmkt:DateOfReport contextRef="MainI">2026-08-22</in-capmkt:DateOfReport><in-capmkt:TypeOfActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">Any other similar action(s)</in-capmkt:TypeOfActionsTakenOrOrdersPassed><in-capmkt:DetailsOfAnyOtherSimilarActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">Show Cause notice received from GST Authority</in-capmkt:DetailsOfAnyOtherSimilarActionsTakenOrOrdersPassed><in-capmkt:ActionsTakenOrOrdersPassedBy contextRef="I_ActionsTaken1">Statutory Authority</in-capmkt:ActionsTakenOrOrdersPassedBy><in-capmkt:NameOfAuthorityFromWhomActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">The Office of the Principal Commissioner of Central Tax CGST West Commissionerate, Bengaluru</in-capmkt:NameOfAuthorityFromWhomActionsTakenOrOrdersPassed><in-capmkt:NumberOfPersonsAgainstWhomActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1" unitRef="pure" decimals="0">1</in-capmkt:NumberOfPersonsAgainstWhomActionsTakenOrOrdersPassed><in-capmkt:ActionsTakenOrOrdersPassedAgainst contextRef="I_ActionsTaken1_PersonsAgainstWhomActionsTaken1">Listed Entity (Self)</in-capmkt:ActionsTakenOrOrdersPassedAgainst><in-capmkt:NameOfPersonAgainstWhomActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1_PersonsAgainstWhomActionsTaken1">Wonderla Holidays Limited</in-capmkt:NameOfPersonAgainstWhomActionsTakenOrOrdersPassed><in-capmkt:TypeOfCommunicationReceivedForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">Show Cause Notice issued under Section 74(1) and 74A(1) read with Section 74A(5)(ii) of the Central Goods and Services Tax Act/ Karnataka Goods and Services Tax Act, 2017, received by the Company through e-mail communication.</in-capmkt:TypeOfCommunicationReceivedForActionsTakenOrOrdersPassed><in-capmkt:NatureAndDetailsOfTheActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">The Company received a Show Cause Notice ("SCN") on August 21, 2026 from the Authority, issued under Section 74(1) and 74A(1) read with Section 74A(5)(ii) of the Central Goods and Services Tax Act/ Karnataka Goods and Services Tax Act, 2017. 

The SCN, inter-alia, alleges: 

Short payment of GST on restaurant services supplied through its ‘Woods’ restaurant in Resort amounting to Rs. 1,25,27,098/- (Rupees One Crore Twenty Five Lakhs Twenty Seven Thousand Ninety Eight only) during the period 01.04.2020 to 21.06.2023. 

Short payment of GST on restaurant services supplied through its various restaurants in Bengaluru Park amounting to Rs. 14,19,34,823/- (Rupees Fourteen Crore Nineteen Lakhs Thirty Four Thousand Eight Hundred and Twenty Three only) during the period 01.04.2020 to 31.03.2026. 

Short payment of GST on accommodation services of Resort amounting to Rs. 27,96,751 (Twenty Seven Lakhs Ninety Six Thousand Seven Hundred and Fifty One) during the period 01.04.2020 to 21.06.2023.</in-capmkt:NatureAndDetailsOfTheActionsTakenOrOrdersPassed><in-capmkt:DateOfReceiptOfCommunicationReceivedForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">2026-08-21</in-capmkt:DateOfReceiptOfCommunicationReceivedForActionsTakenOrOrdersPassed><in-capmkt:BriefDetailsOfTheMaterialContentsOfTheCommunicationReceivedForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">The Company received a Show Cause Notice ("SCN") on August 21, 2026 from the Authority, issued under Section 74(1) and 74A(1) read with Section 74A(5)(ii) of the Central Goods and Services Tax Act/ Karnataka Goods and Services Tax Act, 2017. 

The SCN, inter-alia, alleges: 

Short payment of GST on restaurant services supplied through its ‘Woods’ restaurant in Resort amounting to Rs. 1,25,27,098/- (Rupees One Crore Twenty Five Lakhs Twenty Seven Thousand Ninety Eight only) during the period 01.04.2020 to 21.06.2023. 

Short payment of GST on restaurant services supplied through its various restaurants in Bengaluru Park amounting to Rs. 14,19,34,823/- (Rupees Fourteen Crore Nineteen Lakhs Thirty Four Thousand Eight Hundred and Twenty Three only) during the period 01.04.2020 to 31.03.2026. 

Short payment of GST on accommodation services of Resort amounting to Rs. 27,96,751 (Twenty Seven Lakhs Ninety Six Thousand Seven Hundred and Fifty One) during the period 01.04.2020 to 21.06.2023.</in-capmkt:BriefDetailsOfTheMaterialContentsOfTheCommunicationReceivedForActionsTakenOrOrdersPassed><in-capmkt:PeriodForWhichCommunicationWouldBeApplicableForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">The Company received a Show Cause Notice ("SCN") on August 21, 2026 from the Authority, issued under Section 74(1) and 74A(1) read with Section 74A(5)(ii) of the Central Goods and Services Tax Act/ Karnataka Goods and Services Tax Act, 2017. 

The SCN, inter-alia, alleges: 

Short payment of GST on restaurant services supplied through its ‘Woods’ restaurant in Resort amounting to Rs. 1,25,27,098/- (Rupees One Crore Twenty Five Lakhs Twenty Seven Thousand Ninety Eight only) during the period 01.04.2020 to 21.06.2023. 

Short payment of GST on restaurant services supplied through its various restaurants in Bengaluru Park amounting to Rs. 14,19,34,823/- (Rupees Fourteen Crore Nineteen Lakhs Thirty Four Thousand Eight Hundred and Twenty Three only) during the period 01.04.2020 to 31.03.2026. 

Short payment of GST on accommodation services of Resort amounting to Rs. 27,96,751 (Twenty Seven Lakhs Ninety Six Thousand Seven Hundred and Fifty One) during the period 01.04.2020 to 21.06.2023.</in-capmkt:PeriodForWhichCommunicationWouldBeApplicableForActionsTakenOrOrdersPassed><in-capmkt:ExpectedImpactOfActionsTakenOnFinancialAndOperationalOrOtherActivitiesOfTheListedEntity contextRef="I_ActionsTaken1">No immediate financial impact on the Company at this stage. 

The Company is in the process of evaluating the SCN and, based on advice from its tax advisors, shall file a detailed reply with the adjudicating authority within the prescribed timelines, and shall pursue all legal remedies available to it.
Tax Demand: Rs. 15,72,58,674/- (Rupees Fifteen Crore Seventy Two Lakhs Fifty Eight Thousand Six Hundred and Seventy Four only). 

Interest: Rs. 2,83,06,561/- (Rupees Two Crore Eighty Three Lakhs Six Thousand Five Hundred and Sixty One only). 

Penalty: Rs. 15,72,58,674/- (Rupees Fifteen Crore Seventy Two Lakhs Fifty Eight Thousand Six Hundred and Seventy Four only).</in-capmkt:ExpectedImpactOfActionsTakenOnFinancialAndOperationalOrOtherActivitiesOfTheListedEntity><in-capmkt:DetailsOfAnyAberrationsOrNonCompliancesOrViolationsOrContraventionsIdentifiedByTheAuthorityInTheCommunicationForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">The Company received a Show Cause Notice ("SCN") on August 21, 2026 from the Authority, issued under Section 74(1) and 74A(1) read with Section 74A(5)(ii) of the Central Goods and Services Tax Act/ Karnataka Goods and Services Tax Act, 2017. 

The SCN, inter-alia, alleges: 

Short payment of GST on restaurant services supplied through its ‘Woods’ restaurant in Resort amounting to Rs. 1,25,27,098/- (Rupees One Crore Twenty Five Lakhs Twenty Seven Thousand Ninety Eight only) during the period 01.04.2020 to 21.06.2023. 

Short payment of GST on restaurant services supplied through its various restaurants in Bengaluru Park amounting to Rs. 14,19,34,823/- (Rupees Fourteen Crore Nineteen Lakhs Thirty Four Thousand Eight Hundred and Twenty Three only) during the period 01.04.2020 to 31.03.2026. 

Short payment of GST on accommodation services of Resort amounting to Rs. 27,96,751 (Twenty Seven Lakhs Ninety Six Thousand Seven Hundred and Fifty One) during the period 01.04.2020 to 21.06.2023.</in-capmkt:DetailsOfAnyAberrationsOrNonCompliancesOrViolationsOrContraventionsIdentifiedByTheAuthorityInTheCommunicationForActionsTakenOrOrdersPassed><in-capmkt:DetailsOfAnyPenaltyOrRestrictionOrSanctionImposedPursuantToTheCommunicationForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">Nil. The communication is a Show Cause Notice. No order has been passed and no penalty/restriction/sanction has been imposed on the Company as on date.</in-capmkt:DetailsOfAnyPenaltyOrRestrictionOrSanctionImposedPursuantToTheCommunicationForActionsTakenOrOrdersPassed><in-capmkt:DetailsOfRegulatoryActionsOrSanctions contextRef="I_ActionsTaken1">NIL</in-capmkt:DetailsOfRegulatoryActionsOrSanctions><in-capmkt:ActionsTakenByListedCompanyWithRespectToTheCommunicationForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">The Company is in the process of evaluating the SCN and, based on advice from its tax advisors, shall file a detailed reply with the adjudicating authority within the prescribed timelines, and shall pursue all legal remedies available to it.</in-capmkt:ActionsTakenByListedCompanyWithRespectToTheCommunicationForActionsTakenOrOrdersPassed><in-capmkt:AnyOtherRelevantInformationForActionsTakenOrOrdersPassed contextRef="I_ActionsTaken1">Nil</in-capmkt:AnyOtherRelevantInformationForActionsTakenOrOrdersPassed><in-capmkt:NameOfTheSignatory contextRef="I_Signatories1">Srinivasulu Raju Y</in-capmkt:NameOfTheSignatory><in-capmkt:DesignationOfTheSignatory contextRef="I_Signatories1">Company Secretary</in-capmkt:DesignationOfTheSignatory><in-capmkt:DateOfOfTheSignatory contextRef="I_Signatories1">2026-08-22</in-capmkt:DateOfOfTheSignatory><in-capmkt:PlaceOfOfTheSignatory contextRef="I_Signatories1">Bengaluru</in-capmkt:PlaceOfOfTheSignatory></xbrli:xbrl>
