<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-06-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Closure_Of_Trading_Window/2023-06-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Closure_Of_Trading_Window/2023-06-30/in-capmkt-roles" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2023-06-30/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2023-06-30.xsd" xlink:type="simple"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">NIKITA</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-10-02</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NameOfTheCompany contextRef="MainI">NIKITA PAPERS LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">NIKITA</in-capmkt:NSESymbol><in-capmkt:ScripCode contextRef="MainI">000000</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE0FLF01015</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementForClosureOfTradingWindow contextRef="MainI">Revision</in-capmkt:TypeOfAnnouncementForClosureOfTradingWindow><in-capmkt:TypeOfEventForClosureOfTradingWindow contextRef="MainI">Closure of Trading Window</in-capmkt:TypeOfEventForClosureOfTradingWindow><in-capmkt:DateOfOriginalAnnouncement contextRef="MainI">2025-09-22</in-capmkt:DateOfOriginalAnnouncement><in-capmkt:DateOfStartOfTradingWindowClosure contextRef="MainI">2025-10-01</in-capmkt:DateOfStartOfTradingWindowClosure><in-capmkt:DateOfEndOfTradingWindowClosure contextRef="MainI">2025-11-16</in-capmkt:DateOfEndOfTradingWindowClosure><in-capmkt:BriefDetailsForTradingWindowClosureEndDate contextRef="MainI">The “Trading Window” for trading or dealing in the securities of the Company, in any manner, shall remain closed from Wednesday, October 1, 2025 till 48 (forty-eight) hours after the declaration of Un-Audited Financial Results of the Company for the Half Year ending on September 30, 2025, i.e. till November 16, 2025.</in-capmkt:BriefDetailsForTradingWindowClosureEndDate><in-capmkt:PurposeOfTheClosureOfTradingWindow contextRef="MainI">This is to inform that pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended) and in compliance with the “Code of Internal Procedures Conduct for Prevention of Insider Trading” and “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information” (collectively referred to as “the Codes”) in respect of the securities of Nikita Papers Limited (“the Company”), the “Trading Window” for trading or dealing in the securities of the Company, in any manner, shall remain closed.
</in-capmkt:PurposeOfTheClosureOfTradingWindow><in-capmkt:AnyOtherDisclosureWithRespectToComplianceAsPerSEBIRegulationOfCircularOrProvision contextRef="MainI">This is to inform that pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended) and in compliance with the “Code of Internal Procedures Conduct for Prevention of Insider Trading” and “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information” (collectively referred to as “the Codes”) in respect of the securities of Nikita Papers Limited (“the Company”), the “Trading Window” for trading or dealing in the securities of the Company, in any manner, shall remain closed from Wednesday, October 1, 2025 till 48 (forty-eight) hours after the declaration of Un-Audited Financial Results of the Company for the Half Year ending on September 30, 2025, i.e. till Novermber 16, 2025   &lt;BR&gt; 
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Accordingly, all the Directors, Key managerial Personnel(s), Promoters’ &amp; Members of the Promoter Group, Designated Person(s), and Connected Person(s), their Immediate Relative(s) and other Insiders of the Company are advised not to trade or deal in the Securities of the Company during the aforesaid period. Necessary intimation in this regard has been circulated to all concerned parties. &lt;BR&gt; 
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The intimation regarding the date of the Board Meeting to consider and approve the said Un-Audited Financial Results of the Company will be communicated separately in due course. &lt;BR&gt; 
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The terms used herein shall have the same meaning as assigned to them under the aforementioned Codes and SEBI Regulations.</in-capmkt:AnyOtherDisclosureWithRespectToComplianceAsPerSEBIRegulationOfCircularOrProvision><in-capmkt:DateOfReport contextRef="MainI">2025-10-02</in-capmkt:DateOfReport></xbrli:xbrl>