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<!--OBM V1.0 (01-01-2026)-->
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Announcements_Pertaining_To_Outcome_Of_Board_Meeting/2024-05-31/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="https://www.sebi.gov.in/xbrl/2024-05-31/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-2024-05-31.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">GILLANDERS</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-05-11</xbrli:startDate><xbrli:endDate>2026-05-11</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">GILLANDERS</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-05-11</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="DividendD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">GILLANDERS</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-05-11</xbrli:startDate><xbrli:endDate>2026-05-11</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="DividendI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">GILLANDERS</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-05-11</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">GILLANDERS</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">GILLANDERS ARBUTHNOT &amp; COMPANY LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Dividend</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-05-11</in-capmkt:DateOfReport><in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange contextRef="DividendI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-04-30</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-05-11</in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">11:30:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">14:20:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard contextRef="DividendD">Yes</in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard><in-capmkt:FirstTypeOfDividend contextRef="DividendD">Others</in-capmkt:FirstTypeOfDividend><in-capmkt:DetailsOfOtherTypeOfDividendDeclaredOrRecommendedByTheCompany contextRef="DividendI">The Board of Directors of the Company has recommended payment of dividend on the fully paid up 7.75% Cumulative Redeemable Preference Shares of Rs. 100/- each of the Company for the financial years 2018-19 and 2019-20, subject to approval of the same by the members at the ensuing 92nd Annual General Meeting (AGM) of the Company.</in-capmkt:DetailsOfOtherTypeOfDividendDeclaredOrRecommendedByTheCompany><in-capmkt:RateOfOtherTypeDividendRecommendedPerEquityShare contextRef="DividendI">0.0775</in-capmkt:RateOfOtherTypeDividendRecommendedPerEquityShare><in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForOtherTypeOfDividend contextRef="DividendI">true</in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForOtherTypeOfDividend><in-capmkt:NotesForRecordDateOrBookClosureHasNotBeenFixedOfOtherTypeOfDividend contextRef="DividendI">N.A</in-capmkt:NotesForRecordDateOrBookClosureHasNotBeenFixedOfOtherTypeOfDividend><in-capmkt:RecordDateOrBookClosureDateForOtherTypeOfDividend contextRef="DividendD">Both</in-capmkt:RecordDateOrBookClosureDateForOtherTypeOfDividend><in-capmkt:RecordDateOfOtherTypeOfDividend contextRef="DividendI">2026-06-26</in-capmkt:RecordDateOfOtherTypeOfDividend><in-capmkt:StartDateOfBookClosureDateOfOtherTypeOfDividend contextRef="DividendI">2026-06-27</in-capmkt:StartDateOfBookClosureDateOfOtherTypeOfDividend><in-capmkt:EndDateOfBookClosureDateOfOtherTypeOfDividend contextRef="DividendI">2026-07-03</in-capmkt:EndDateOfBookClosureDateOfOtherTypeOfDividend><in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfOtherTypeOfDividend contextRef="DividendI">true</in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfOtherTypeOfDividend><in-capmkt:DateOfGeneralMeetingForOtherTypeDividend contextRef="DividendI">2026-07-03</in-capmkt:DateOfGeneralMeetingForOtherTypeDividend><in-capmkt:ProposedDateWithinWhichPaymentOfOtherTypeOfDividendShallBeMadeByTheCompanyForWhichGeneralMeetingDateHasBeenFixed contextRef="DividendI">2026-08-02</in-capmkt:ProposedDateWithinWhichPaymentOfOtherTypeOfDividendShallBeMadeByTheCompanyForWhichGeneralMeetingDateHasBeenFixed><in-capmkt:PeriodForWhichOtherTypeOfDividendIsDeclared contextRef="DividendI">Financial years 2018-19 and 2019-20.</in-capmkt:PeriodForWhichOtherTypeOfDividendIsDeclared></xbrli:xbrl>
