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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">532684</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-02</xbrli:startDate><xbrli:endDate>2026-07-02</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532684</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-02</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_ChangeInManagement1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532684</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-02</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 id="D_ChangeInManagement1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532684</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-02</xbrli:startDate><xbrli:endDate>2026-07-02</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ChangeInManagementAxis"><in-capmkt:ChangeInManagementDomain>ChangeInManagementDomain1</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">EKC</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">Everest Kanto Cylinder Limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">532684</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE184H01027</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">false</in-capmkt:WhetherEventOrInformationIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfOccurrenceOfEventOrInformation contextRef="MainD">2026-07-01</in-capmkt:DateOfOccurrenceOfEventOrInformation><in-capmkt:TimeOfOccurrenceOfEventOrInformation contextRef="MainD">14:00:00</in-capmkt:TimeOfOccurrenceOfEventOrInformation><in-capmkt:NumberOfPersonsOrEntitiesForWhomChangeIsBeingReported contextRef="MainI" unitRef="pure" decimals="0">1</in-capmkt:NumberOfPersonsOrEntitiesForWhomChangeIsBeingReported><in-capmkt:DateOfReport contextRef="MainI">2026-07-02</in-capmkt:DateOfReport><in-capmkt:TypeOfChange contextRef="D_ChangeInManagement1">Appointment</in-capmkt:TypeOfChange><in-capmkt:CategoryForChange contextRef="D_ChangeInManagement1">Key Managerial Personnel</in-capmkt:CategoryForChange><in-capmkt:DesignationOfDesignatedPerson contextRef="D_ChangeInManagement1">Chief Executive Officer</in-capmkt:DesignationOfDesignatedPerson><in-capmkt:SalutationOfDesignatedPerson contextRef="D_ChangeInManagement1">Mr.</in-capmkt:SalutationOfDesignatedPerson><in-capmkt:NameOfDesignatedPerson contextRef="I_ChangeInManagement1">Narender Prasad Gupta</in-capmkt:NameOfDesignatedPerson><in-capmkt:EffectiveDateOfReasonOfChange contextRef="I_ChangeInManagement1">2026-07-01</in-capmkt:EffectiveDateOfReasonOfChange><in-capmkt:BriefProfile contextRef="D_ChangeInManagement1">Mr. Narender Prasad Gupta, is a Mechanical Engineer from AMIE and has done Master of Business Administration (MBA) from IMT Ghaziabad. He holds a Black Belt Certification in Lean Six Sigma-Advance Supply Chain 2015. Mr. Gupta is a seasoned business leader with over 25 years of rich and diverse experience in the automotive and manufacturing industry. He brings extensive expertise in business strategy, operations management, business transformation, lean manufacturing, supply chain optimization, digital transformation, project management, financial planning, and organizational leadership. In his career Mr. Gupta has worked at various senior leadership positions with leading organizations, including Jamna Auto Industries, Hero Motors Company, Stellantis India, Metzeler Automotive, and Motherson Sumi. In his most recent role as Business Unit Head – Exports at Jamna Auto Industries, he has been leading export business operations and driving business process restructuring across the Group. Previously, as the President &amp; CEO of HMC E Valley (Hero Motors), he successfully led business turnaround initiatives, secured global contracts, expanded export operations, and established strategic international partnerships. During his professional career, Mr. Gupta has successfully led large-scale manufacturing operations, executed high-value global business contracts, driven operational excellence, and implemented cost optimization and productivity improvement initiatives. Mr. Gupta has received several industry recognitions, including being featured among the Top 10 Indian Manufacturing CEOs by CEO Insights in 2024. He has also been honoured with multiple Supplier Excellence Awards from leading global OEMs, including BMW, Ducati, Harley-Davidson, and the Belgian Cycle Factory, in recognition of his outstanding leadership and operational excellence.</in-capmkt:BriefProfile></xbrli:xbrl>
