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<!--CIRP V1.0 (10-04-2026)-->
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-09-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Corporate_Insolvency_Resolution_Process/2023-09-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Corporate_Insolvency_Resolution_Process/2023-09-30/in-capmkt-roles" 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/2023-09-30/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.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2023-09-30.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">SHRENIK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-10-26</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="CorporateInsolvencyResolutionProcessEvent1D"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">SHRENIK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-10-26</xbrli:startDate><xbrli:endDate>2026-10-26</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessEventAxis">in-capmkt:CorporateInsolvencyResolutionProcessEvent1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="AppointmentOfResolutionProfessional_D"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">SHRENIK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-10-26</xbrli:startDate><xbrli:endDate>2026-10-26</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessAxis">in-capmkt:AppointmentOfResolutionProfessionalMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="AppointmentOfResolutionProfessional_I"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">SHRENIK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-10-26</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessAxis">in-capmkt:AppointmentOfResolutionProfessionalMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><in-capmkt:NameOfTheCompany contextRef="MainI">SHRENIK LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">SHRENIK</in-capmkt:NSESymbol><in-capmkt:ISIN contextRef="MainI">INE632X01030</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfCorporateInsolvencyResolutionProcessEvent contextRef="CorporateInsolvencyResolutionProcessEvent1D">Appointment/ Replacement of the Resolution Professional</in-capmkt:TypeOfCorporateInsolvencyResolutionProcessEvent><in-capmkt:DateOfReport contextRef="MainI">2026-10-26</in-capmkt:DateOfReport><in-capmkt:TypeOfSubEventOfAppointmentOrReplacementOfResolutionProfessional contextRef="AppointmentOfResolutionProfessional_D">Appointment</in-capmkt:TypeOfSubEventOfAppointmentOrReplacementOfResolutionProfessional><in-capmkt:RationaleForAppointmentOrReplacementOrOthersSubEvent contextRef="AppointmentOfResolutionProfessional_I">The Committee of Creditors, at its first meeting held on 29.08.2026 and through e-voting concluded on 15.10.2026, approved the appointment of the Interim Resolution Professional, CA Rahul Nareshbhai Shah, as the Resolution Professional under Section 22(2) of the IBC, 2016, with 100% voting share. The IRP had been performing the functions of the RP from the 40th day of the insolvency commencement date under Regulation 17(3) of the CIRP Regulations.</in-capmkt:RationaleForAppointmentOrReplacementOrOthersSubEvent><in-capmkt:DateOfCOCMeetingApprovingAppointmentOrReplacementOrOthersSubEvent contextRef="AppointmentOfResolutionProfessional_I">2026-10-15</in-capmkt:DateOfCOCMeetingApprovingAppointmentOrReplacementOrOthersSubEvent><in-capmkt:DateOfNCLTOrder contextRef="AppointmentOfResolutionProfessional_D">2026-07-30</in-capmkt:DateOfNCLTOrder><in-capmkt:SalutationOfResolutionProfessional contextRef="AppointmentOfResolutionProfessional_D">Mr.</in-capmkt:SalutationOfResolutionProfessional><in-capmkt:NameOfResolutionProfessional contextRef="AppointmentOfResolutionProfessional_I">Rahul Nareshbhai Shah</in-capmkt:NameOfResolutionProfessional><in-capmkt:WhetherTheCompanyIsInReceiptOfCopyOfNCLTOrder contextRef="AppointmentOfResolutionProfessional_D">true</in-capmkt:WhetherTheCompanyIsInReceiptOfCopyOfNCLTOrder><in-capmkt:AnyOtherDetailsExplanatoryTextBlock contextRef="AppointmentOfResolutionProfessional_D">IP Reg. No.: IBBI/IPA-001/IP-P02170/2020-2021/13367; AFA valid up to 30.06.2027. Address registered with IBBI: 20, Sudershan Society, Part 2, Naranpura, Ahmedabad – 380013. Alternate email: cirp.shrenik@gmail.com. Since the CoC resolved to continue the IRP as RP under Section 22(3)(a) of the Code, no separate NCLT order is required. The date of the NCLT order mentioned is that of the admission order dated 30.07.2026 in C.P. (IB) No. 200 of 2023, appointing the IRP.</in-capmkt:AnyOtherDetailsExplanatoryTextBlock></xbrli:xbrl>
