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<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-11-30/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Changes_In_Management/2025-11-30/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/2025-11-30/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.w3.org/1999/xlink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2025-11-30.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">539799</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-05-16</xbrli:startDate><xbrli:endDate>2026-05-16</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">539799</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-05-16</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_ChangeInManagement1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">539799</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-05-16</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain1</in-capmkt:ChangeInManagementDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context 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id="D_ChangeInManagement2"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">539799</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-05-16</xbrli:startDate><xbrli:endDate>2026-05-16</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain2</in-capmkt:ChangeInManagementDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_ChangeInManagement3"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">539799</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-05-16</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain3</in-capmkt:ChangeInManagementDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_ChangeInManagement3"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">539799</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-05-16</xbrli:startDate><xbrli:endDate>2026-05-16</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain3</in-capmkt:ChangeInManagementDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">BHARATWIRE</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">BHARAT WIRE ROPES LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">539799</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE316L01019</in-capmkt:ISIN><in-capmkt:WhetherDisclosureFiledForListedEntity contextRef="MainD">true</in-capmkt:WhetherDisclosureFiledForListedEntity><in-capmkt:RelationshipWithTheListedEntity contextRef="MainD">Listed Entity (self)</in-capmkt:RelationshipWithTheListedEntity><in-capmkt:WhetherEventOrInformationIsAnOutcomeOfBoardMeeting contextRef="MainD">true</in-capmkt:WhetherEventOrInformationIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfBoardMeeting contextRef="MainD">2026-05-16</in-capmkt:DateOfBoardMeeting><in-capmkt:StartTimeOfBoardMeeting contextRef="MainD">11:30:00</in-capmkt:StartTimeOfBoardMeeting><in-capmkt:EndTimeOfBoardMeeting contextRef="MainD">14:10:00</in-capmkt:EndTimeOfBoardMeeting><in-capmkt:NumberOfPersonsOrEntitiesForWhomChangeIsBeingReported contextRef="MainI" unitRef="pure" decimals="0">3</in-capmkt:NumberOfPersonsOrEntitiesForWhomChangeIsBeingReported><in-capmkt:DateOfReport contextRef="MainI">2026-05-16</in-capmkt:DateOfReport><in-capmkt:TypeOfChange contextRef="D_ChangeInManagement1">Appointment</in-capmkt:TypeOfChange><in-capmkt:CategoryForChange contextRef="D_ChangeInManagement1">Auditors</in-capmkt:CategoryForChange><in-capmkt:DesignationOfDesignatedPerson contextRef="D_ChangeInManagement1">Statutory Auditor</in-capmkt:DesignationOfDesignatedPerson><in-capmkt:SalutationOfDesignatedPerson contextRef="D_ChangeInManagement1">M/s.</in-capmkt:SalutationOfDesignatedPerson><in-capmkt:NameOfDesignatedPerson contextRef="I_ChangeInManagement1">Borkar &amp; Muzumdar</in-capmkt:NameOfDesignatedPerson><in-capmkt:EffectiveDateOfReasonOfChange contextRef="I_ChangeInManagement1">2026-04-01</in-capmkt:EffectiveDateOfReasonOfChange><in-capmkt:TermOfAppointmentInMonths contextRef="D_ChangeInManagement1" unitRef="pure" decimals="INF">60</in-capmkt:TermOfAppointmentInMonths><in-capmkt:BriefProfile contextRef="D_ChangeInManagement1">Borkar &amp; Muzumdar (“B&amp;M”) is a reputed firm of Chartered Accountants with over 75 years of experience. They are offering a wide array of specialized services including Assurance, Taxation Consultancy and Financial Advisory Services catering to a diverse set of organizations across India. Apart from Statutory audits, their comprehensive services suite includes Risk based internal audits, Internal Financial Control Reviews, Investigation Assignments, Due Diligence Reporting, Tax structuring and Data verification assignments involving use of special audit software/ tools. Their practice is built around 19 partners supported by a team of over 230 Staff comprising qualified Chartered Accountants, experienced associates, trainees and support personnel. The Firm is having vary expereince in Statutory Audit for Manufacturing, Service Companies. They have been extending service as the Statutory Central Auditors of several Public and Private Sector Banks, other Private and Public Sector Undertakings, NBFCs, Insurance Companies.</in-capmkt:BriefProfile><in-capmkt:WhetherTheStatutoryAuditorOrSecretarialAuditorHoldsAValidCertificateIssuedByThePeerReviewBoardOfInstituteOfCharteredAccountantsOfIndiaOrInstituteOfCompanySecretariesOfIndia contextRef="D_ChangeInManagement1">true</in-capmkt:WhetherTheStatutoryAuditorOrSecretarialAuditorHoldsAValidCertificateIssuedByThePeerReviewBoardOfInstituteOfCharteredAccountantsOfIndiaOrInstituteOfCompanySecretariesOfIndia><in-capmkt:TypeOfChange contextRef="D_ChangeInManagement2">Appointment</in-capmkt:TypeOfChange><in-capmkt:CategoryForChange contextRef="D_ChangeInManagement2">Auditors</in-capmkt:CategoryForChange><in-capmkt:DesignationOfDesignatedPerson contextRef="D_ChangeInManagement2">Cost Auditors</in-capmkt:DesignationOfDesignatedPerson><in-capmkt:SalutationOfDesignatedPerson contextRef="D_ChangeInManagement2">M/s.</in-capmkt:SalutationOfDesignatedPerson><in-capmkt:NameOfDesignatedPerson contextRef="I_ChangeInManagement2">Dilip M. Bathija</in-capmkt:NameOfDesignatedPerson><in-capmkt:EffectiveDateOfReasonOfChange contextRef="I_ChangeInManagement2">2026-05-16</in-capmkt:EffectiveDateOfReasonOfChange><in-capmkt:TermOfAppointmentInMonths contextRef="D_ChangeInManagement2" unitRef="pure" decimals="INF">12</in-capmkt:TermOfAppointmentInMonths><in-capmkt:BriefProfile contextRef="D_ChangeInManagement2">M/s. Dilip M. Bathija (FIRM REG.No. : 100106) are in practice since 1992, in the areas of Audit, Costing and Taxation. The firms professional address is 506 B,Shree Krishna Sharda Tower,
Lal Chakki Chowk,
Opp.Dhanvantri Hospital,
Ulhasnagar-421004.
Dist. Thana, State. Maharashtra.
Core areas of Practice are Designing Cost and Management Information System.
Maintenance of Cost Records as per Cost Records &amp;
Audit Rules,2014.
Cost Audit as per Cost Records &amp; Audit Rules,2014.
Certification of Cost data e.g. Certification(CAS4) as
required by Excise Rules(Now GST). We have the assignments of Cost Audit and Cost
and related Assignments related work of number of reputed companies(Private
Limited,Public Limited,Listed and Non listed)
which operate in different sectors such as
Textiles,Steel,Chemicals,Fertilisers,Petroleums etc. We are on panel of auditors maintained by Co.op dept</in-capmkt:BriefProfile><in-capmkt:TypeOfChange contextRef="D_ChangeInManagement3">Appointment</in-capmkt:TypeOfChange><in-capmkt:CategoryForChange contextRef="D_ChangeInManagement3">Auditors</in-capmkt:CategoryForChange><in-capmkt:DesignationOfDesignatedPerson contextRef="D_ChangeInManagement3">Internal Auditor</in-capmkt:DesignationOfDesignatedPerson><in-capmkt:SalutationOfDesignatedPerson contextRef="D_ChangeInManagement3">M/s.</in-capmkt:SalutationOfDesignatedPerson><in-capmkt:NameOfDesignatedPerson contextRef="I_ChangeInManagement3">PKF Sridhar &amp;
Santhanam LLP</in-capmkt:NameOfDesignatedPerson><in-capmkt:EffectiveDateOfReasonOfChange contextRef="I_ChangeInManagement3">2026-05-16</in-capmkt:EffectiveDateOfReasonOfChange><in-capmkt:TermOfAppointmentInMonths contextRef="D_ChangeInManagement3" unitRef="pure" decimals="INF">12</in-capmkt:TermOfAppointmentInMonths><in-capmkt:BriefProfile contextRef="D_ChangeInManagement3">ABOUT PKF S&amp;S LLP Established in 1978, PKF Sridhar &amp; Santhanam LLP (PKF S&amp;S LLP) firm of Chartered Accountants, carries the legacy of vast experience and varied exposure in the industry. Since its inception in Chennai, the firm's reach has transcended limits and barriers both functionally and geographically; with branch offices spread across the country. The wider reach on the global platform takes forward the legacy of the profession on a new plane- which is PKF S&amp;S LLPll -exposed in the global market; bringing in a flood of new thought and application to thrive in a highly competitive scenario. Add this to PKF S&amp;S LLP creditable records streamlined with up-to-date practicing tools and expertise; the end-product is value-added services to add value to PKF S&amp;S LLP client's business.
WORKING TOWARDS CLIENT SATISFACTION: PKF S&amp;S LLP work on the foundation of quality and integrity complying with ICAI standards, and PKF S&amp;S LLP focused on the goals to achieve. PKF S&amp;S LLP set milestones and time - frames for every project undertaken and PKF S&amp;S LLP team engages in constant interaction with the client, from start to end. This ensures that PKF S&amp;S LLP report complies with client requirements and PKF S&amp;S LLP end result accredits to customer satisfaction. Also, PKF S&amp;S LLP execute a CSQ (Customer Satisfaction Questionnaire) a feedback mechanism from the client to rate PKF S&amp;S LLP performance and improve in the areas required. Thus PKF S&amp;S LLP "balance -sheet" sets a unique equation betPKF S&amp;S LLPen quality and time-bound delivery. There is always better than the best and par excellence when it comes to PKF S&amp;S LLP.
PKF S&amp;S LLP Professional Practice has diversified over the years, across the sub-continent. With headquarters in Chennai, PKF S&amp;S LLP have also set up teams in many places like Bangalore, Mumbai, Delhi &amp; Hyderabad that are full-fledged, independent, functional units of PKF S&amp;S. Also, PKF S&amp;S LLP have Associates in various quarters of the country that work as per PKF S&amp;S LLP guidelines and standards. Thus PKF S&amp;S LLP uphold the motto of "Quick Service" by being readily reachable for PKF S&amp;S LLP regional clients. INDUSTRIES: PKF S&amp;S LLP expertise and experience makes us adapt to the ever-changing, diversified industrial set-up. The research-based approach, root-analysis methodologies and up-to-date market-knowledge give a cutting edge to PKF S&amp;S LLP assessment techniques. This, as a value-added return, helps us forge new partnerships, and strengthen the existing ones. The PKF S&amp;S LLP links have created an impression from the automotive factory to the ITech bytes. Industrial Sectors
 Automotive
 Banking &amp; Capital Markets
 Chemicals
 Education &amp; Non-profit
 Energy, Utilities &amp; Mining
 Engineering &amp; Construction
 Financial Services
 Paper &amp; Packaging
 Government/Public Services
 Healthcare
 Hospitality &amp; Leisure
 Industrial Manufacturing
 Investment Management &amp; Real Estate
 Pharmaceuticals
 Retail &amp; Consumer
 Technology
 Telecommunications
 Transportation &amp; Logistics</in-capmkt:BriefProfile></xbrli:xbrl>
