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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">543266</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-22</xbrli:startDate><xbrli:endDate>2026-08-22</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543266</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-22</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_ChangeInManagement1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543266</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-22</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">543266</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-22</xbrli:startDate><xbrli:endDate>2026-08-22</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">HERANBA</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">Heranba Industries Limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">543266</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE694N01015</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">2026-08-22</in-capmkt:DateOfBoardMeeting><in-capmkt:StartTimeOfBoardMeeting contextRef="MainD">11:00:00</in-capmkt:StartTimeOfBoardMeeting><in-capmkt:EndTimeOfBoardMeeting contextRef="MainD">12:30:00</in-capmkt:EndTimeOfBoardMeeting><in-capmkt:NumberOfPersonsOrEntitiesForWhomChangeIsBeingReported contextRef="MainI" unitRef="pure" decimals="0">1</in-capmkt:NumberOfPersonsOrEntitiesForWhomChangeIsBeingReported><in-capmkt:DateOfReport contextRef="MainI">2026-08-22</in-capmkt:DateOfReport><in-capmkt:TypeOfChange contextRef="D_ChangeInManagement1">Appointment</in-capmkt:TypeOfChange><in-capmkt:CategoryForChange contextRef="D_ChangeInManagement1">Senior Management Personnel</in-capmkt:CategoryForChange><in-capmkt:DesignationOfDesignatedPerson contextRef="D_ChangeInManagement1">Senior Management Personnel</in-capmkt:DesignationOfDesignatedPerson><in-capmkt:SalutationOfDesignatedPerson contextRef="D_ChangeInManagement1">Mr.</in-capmkt:SalutationOfDesignatedPerson><in-capmkt:NameOfDesignatedPerson contextRef="I_ChangeInManagement1">Punit H. Vyas</in-capmkt:NameOfDesignatedPerson><in-capmkt:EffectiveDateOfReasonOfChange contextRef="I_ChangeInManagement1">2026-08-22</in-capmkt:EffectiveDateOfReasonOfChange><in-capmkt:BriefProfile contextRef="D_ChangeInManagement1">Mr. Punit H. Vyas is a qualified chemistry professional holding an M.Sc. (Applied Chemistry) from The Maharaja Sayajirao University of Baroda and has over 25 years of rich experience in Quality Assurance, Quality Control, Regulatory Compliance, Quality Management Systems, and Laboratory Operations across the pharmaceutical, specialty chemicals, and agrochemical industries. He is also an FDA Approved Chemist recognized by the Gujarat State Authorities. 
Prior to joining the Company, Mr. Vyas held various senior leadership positions with reputed organizations including PI Industries Limited, Navin Fluorine International Limited, ZCL Chemicals Limited (Zandu Pharma), J.B. Chemicals &amp; Pharmaceuticals Limited, Cadila Pharmaceuticals Limited, Sanofi-Aventis Pharmaceuticals Limited, and Wockhardt Pharmaceuticals Limited. During his professional career, he has gained extensive experience in quality systems, regulatory compliance, analytical method validation, process improvement, sustainability initiatives, regulatory audits, and team leadership. 
Mr. Vyas possesses significant exposure to national and international regulatory requirements and has successfully handled audits and inspections by regulatory authorities and agencies such as USFDA, EDQM, TGA, WHO, and other global customers. He has also been actively involved in implementation of Quality Management Systems, NABL compliance, supplier quality management, customer quality assurance initiatives, and development of quality-focused organizational culture. 
The Company believes that Mr. Vyas's extensive industry experience and expertise in quality management and regulatory compliance will significantly contribute to strengthening the Company's quality systems, operational excellence, and regulatory framework in his capacity as a Senior Management Personnel.
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