<?xml version="1.0" encoding="UTF-8"?>
<!--ANNAgreement V1.0 (10-04-2026)-->
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2024-04-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Announcement_For_Agreements/2024-04-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Announcement_For_Agreements/2024-04-30/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2024-04-30/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.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2024-04-30.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500188</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-09</xbrli:startDate><xbrli:endDate>2026-08-09</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500188</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-09</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NameOfTheCompany contextRef="MainI">HINDUSTAN ZINC LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">HINDZINC</in-capmkt:NSESymbol><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfAgreement contextRef="MainI">Others</in-capmkt:TypeOfAgreement><in-capmkt:DetailsOfOtherTypeOfAnnouncement contextRef="MainI">Agreement under Clause 5A, Para A, Part A, Schedule III of the SEBI LODR</in-capmkt:DetailsOfOtherTypeOfAnnouncement><in-capmkt:StageOfAgreement contextRef="MainI">Revision, Rescission, Amendment or Alteration of agreement</in-capmkt:StageOfAgreement><in-capmkt:AgreementsEnteredIntoBy contextRef="MainD">Related Parties of the listed entity</in-capmkt:AgreementsEnteredIntoBy><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting contextRef="MainD">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfOccurrenceOfEvent contextRef="MainI">2026-08-07</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="MainD">23:31:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:WhetherTheListedEntityIsPartyToTheAgreement contextRef="MainD">false</in-capmkt:WhetherTheListedEntityIsPartyToTheAgreement><in-capmkt:RemarksForWebsiteDissemination contextRef="MainI">With reference to the earlier disclosure dated February 02, 2026 made in this regard, this is to inform that Hindustan Zinc Limited (“HZL”) received an intimation under Regulation 30A of the LODR read with Clause 5A, Para A, Part A, Schedule III of the LODR from Vedanta Resources Limited, Twin Star Holdings Limited, Vedanta Holdings Mauritius II Limited and Welter Trading Limited (as related parties of HZL) on May 15, 2026 at 03:31 P.M. (IST) (“30A Intimation”). &lt;BR&gt; 
 &lt;BR&gt; 
The information required to be disclosed by HZL pursuant to its obligations under Regulations 30 and 30A of the LODR read with Clause 5A, Para A, Part A, Schedule III of the LODR, subsequent to the receipt of the 30A Intimation, on May 15, 2026. &lt;BR&gt; 
 &lt;BR&gt; 
Since a separate XBRL taxonomy is currently not available for agreements under Clause 5A, Para A, Part A, Schedule III of SEBI LODR, the Company is making this XBRL submission by selecting the 'Others' drop-down field in the available taxonomy.</in-capmkt:RemarksForWebsiteDissemination><in-capmkt:DateOfReport contextRef="MainI">2026-08-09</in-capmkt:DateOfReport><in-capmkt:DateOfInitialDisclosureOfTheExecutionOfTheAgreementToTheStockExchangeForRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainI">2026-01-02</in-capmkt:DateOfInitialDisclosureOfTheExecutionOfTheAgreementToTheStockExchangeForRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:BriefDetailsOfRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainD">Pursuant to the terms of the Facility Agreement, the
Borrower and the Guarantors (as member of the promoter group of Vedanta Limited, which is the promoter of Hindustan Zinc Limited) have agreed to ensure that Hindustan Zinc Limited shall not undertake the certain actions / activities unless permitted within the parameters of the Facility Agreement, as disclosed to the stock exchanges under the Earlier Disclosure.
This disclosure pertains to rescission of the Facility Agreement, pursuant to repayment of the facilities under the Facility Agreement. Accordingly, all restrictions on Hindustan Zinc Limited as disclosed under the Earlier Disclosure stands released.</in-capmkt:BriefDetailsOfRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:NumberOfPartiesRelatingToAgreementAfterRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainI" unitRef="pure" decimals="0">6</in-capmkt:NumberOfPartiesRelatingToAgreementAfterRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:NamesOfPartiesWithWhomTheAgreementIsEnteredAfterRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainD">Hindustan Zinc Limited was not a party to the facility agreement dated December 30, 2025 ("Facility Agreement"). The following entities were parties to the Facility Agreement: (1) Borrower - Vedanta Resources Limited; (2) Guarantor - (i) Twin Star Holdings Ltd, (ii) Vedanta Holdings Mauritius II Limited and (iii) Welter Trading Limited; (3) Agent - Bank of Maharashtra IFSC Banking Unit; (4) Lenders - Bank of Maharashtra GIFT City Branch</in-capmkt:NamesOfPartiesWithWhomTheAgreementIsEnteredAfterRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:NatureOfTheAgreementForRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainD">Pursuant to the terms of the Facility Agreement, the
Borrower and the Guarantors (as member of the promoter group of Vedanta Limited, which is the promoter of Hindustan Zinc Limited) have agreed to ensure that Hindustan Zinc Limited shall not undertake the certain actions / activities unless permitted within the parameters of the Facility Agreement, as disclosed to the stock exchanges under previous disclosure dated January 2, 2026 under Regulation 30 and 30A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements 2015, made by HZL to the stock exchanges (“Earlier Disclosure”).
This disclosure pertains to rescission of the Facility Agreement, pursuant to repayment of the facilities under the Facility Agreement. Accordingly, all restrictions on Hindustan Zinc Limited as disclosed under the Earlier Disclosure stands released</in-capmkt:NatureOfTheAgreementForRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:DateOfExecutionOfTheRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainI">2026-08-05</in-capmkt:DateOfExecutionOfTheRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:ReasonOfRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainD">Pursuant to the terms of the Facility Agreement, the
Borrower and the Guarantors (as member of the promoter group of Vedanta Limited, which is the promoter of Hindustan Zinc Limited) have agreed to ensure that Hindustan Zinc Limited shall not undertake the certain actions / activities unless permitted within the parameters of the Facility Agreement, as disclosed to the stock exchanges under the Earlier Disclosure.
This disclosure pertains to rescission of the Facility Agreement, pursuant to repayment of the facilities under the Facility Agreement. Accordingly, all restrictions on Hindustan Zinc Limited as disclosed under the Earlier Disclosure stands released.</in-capmkt:ReasonOfRevisionOrRescissionOrAmendmentOrAlterationOfAgreement><in-capmkt:DetailsOfImpactOfTheRevisionOrRescissionOrAmendmentOrAlterationOfAgreement contextRef="MainD">Pursuant to the terms of the Facility Agreement, the 
Borrower and the Guarantors (as member of the 
promoter group of Vedanta Limited, which is the 
promoter of Hindustan Zinc Limited) have agreed to 
ensure that Hindustan Zinc Limited shall not 
undertake the certain actions / activities unless 
permitted within the parameters of the Facility 
Agreement, as disclosed to the stock exchanges 
under the Earlier Disclosure. 
 
This disclosure pertains to rescission of the Facility 
Agreement, pursuant to repayment of the facilities 
under the Facility Agreement. Accordingly, all 
restrictions on Hindustan Zinc Limited as disclosed 
under the Earlier Disclosure stands released</in-capmkt:DetailsOfImpactOfTheRevisionOrRescissionOrAmendmentOrAlterationOfAgreement></xbrli:xbrl>
