<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2025-05-31/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Awarding_Or_Bagging_Or_Receiving_Of_Orders_Or_Contracts/2025-05-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Awarding_Or_Bagging_Or_Receiving_Of_Orders_Or_Contracts/2025-05-31/in-capmkt-roles" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2025-05-31/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2025-05-31.xsd" xlink:type="simple"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">AEQUS</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-20</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_AmendmentOrTerminationOfOrdersOrContracts"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">AEQUS</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-20</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:AwardingOrBaggingOrReceivingOfOrdersOrContractsAxis">in-capmkt:AmendmentOrTerminationOfOrdersOrContractsMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">AEQUS</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">AEQUS LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">544634</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE947N01017</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfEvent contextRef="MainI">Amendment or termination of orders/contracts</in-capmkt:TypeOfEvent><in-capmkt:DateOfOccurrenceOfEvent contextRef="MainI">2026-04-17</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="MainI">17:23:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:DateOfReport contextRef="MainI">2026-04-20</in-capmkt:DateOfReport><in-capmkt:NameOfPartiesToTheOrdersOrContracts contextRef="I_AmendmentOrTerminationOfOrdersOrContracts">Hasbro S A (“Hasbro”) and Aequs Engineered Plastics Private Limited ("AEPPL")</in-capmkt:NameOfPartiesToTheOrdersOrContracts><in-capmkt:NatureOfOrdersOrContracts contextRef="I_AmendmentOrTerminationOfOrdersOrContracts">Agreement to supply Products to Hasbro and affiliates</in-capmkt:NatureOfOrdersOrContracts><in-capmkt:DateOfExecutionOfTheOrdersOrContracts contextRef="I_AmendmentOrTerminationOfOrdersOrContracts">2016-03-18</in-capmkt:DateOfExecutionOfTheOrdersOrContracts><in-capmkt:DateOfTerminationOrAmendmentOfTheOrdersOrContracts contextRef="I_AmendmentOrTerminationOfOrdersOrContracts">2026-04-30</in-capmkt:DateOfTerminationOrAmendmentOfTheOrdersOrContracts><in-capmkt:DetailsOfAmendmentOrReasonsForTerminationsAndImpactOfTheOrdersOrContracts contextRef="I_AmendmentOrTerminationOfOrdersOrContracts">There is no termination of Master Supply Agreement, which has been executed between Hasbro and AEPPL as such. However, the communication from Hasbro is about intend to cease to place purchase orders.

Impact, if any, is being assessed as future course of action is yet to be concluded between the parties.</in-capmkt:DetailsOfAmendmentOrReasonsForTerminationsAndImpactOfTheOrdersOrContracts></xbrli:xbrl>