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<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-11-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Corporate_Debt_Restructuring/2023-11-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Corporate_Debt_Restructuring/2023-11-30/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2023-11-30/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.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2023-11-30.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532710</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-25</xbrli:startDate><xbrli:endDate>2026-08-25</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532710</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-25</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NameOfTheCompany contextRef="MainI">Sadbhav Engineering Limited</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">SADBHAV</in-capmkt:NSESymbol><in-capmkt:ISIN contextRef="MainI">INE226H01026</in-capmkt:ISIN><in-capmkt:TypeOfEventOfCorporateDebtRestructuring contextRef="MainD">Subsequent</in-capmkt:TypeOfEventOfCorporateDebtRestructuring><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:DateOfOccurrenceOfEvent contextRef="MainI">2026-08-25</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="MainD">18:30:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:DateOfReport contextRef="MainI">2026-08-25</in-capmkt:DateOfReport><in-capmkt:StageOfTheImplementationOfTheCorporateDebtRestructuringScheme contextRef="MainI">Others</in-capmkt:StageOfTheImplementationOfTheCorporateDebtRestructuringScheme><in-capmkt:DetailsOfOtherStageOfTheImplementationOfTheCorporateDebtRestructuringScheme contextRef="MainI">In furtherance to the Master Restructuring Agreement with lenders, the company has entered into a Deed of Accession to the Master Restructuring Agreement (MRA) on August 25, 2026, with a acceding  lenders of the consortium lenders (Specifically to include the State Bank of India and ICICI Bank into the restructuring plan) for the debt restructuring plan of Sadbhav Engineering Limited.</in-capmkt:DetailsOfOtherStageOfTheImplementationOfTheCorporateDebtRestructuringScheme><in-capmkt:DetailsOfFinalCorporateDebtRestructuringPackageAsApprovedByRBIAndTheLenders contextRef="MainI">Please refer to the announcement of the company dated 26-03-2026 regarding signing of MRA and further announcement dated 25-08-2026 regarding signing of the accession to the MRA</in-capmkt:DetailsOfFinalCorporateDebtRestructuringPackageAsApprovedByRBIAndTheLenders><in-capmkt:DetailsOfLendersInvolvedInCorporateDebtRestructuring contextRef="MainI">Following lenders are involved in Corporate Debt Restructuring: 1.	State Bank of India
2.	ICICI Bank Limited
3.	Punjab National Bank
4.	Axis Bank
5.	Bank of India
6.	ACRE
7.	Union Bank of India
8.	Yes Bank Limited</in-capmkt:DetailsOfLendersInvolvedInCorporateDebtRestructuring><in-capmkt:BriefSummaryOfTheCorporateDebtRestructuringScheme contextRef="MainI">The deed of Accession to MRA has been executed in relation to debt aggregating to Rs. 194.93 Crores (comprising of a fund-based exposure of Rs. 167.86 Crore and non-fund-based limits of Rs. 27.07 Crore). The fund-based exposure will be restructured as non-convertible debentures</in-capmkt:BriefSummaryOfTheCorporateDebtRestructuringScheme><in-capmkt:DetailsOfTheSecuritiesInvolvedInCorporateDebtRestructuring contextRef="MainI">NA</in-capmkt:DetailsOfTheSecuritiesInvolvedInCorporateDebtRestructuring><in-capmkt:DetailsOfTheInterestPaymentAndOrRepaymentSchedule contextRef="MainI">Please refer to the announcement of the company dated 26-03-2026 regarding signing of MRA and further announcement dated 25-08-2026 regarding signing of the accession to the MRA</in-capmkt:DetailsOfTheInterestPaymentAndOrRepaymentSchedule><in-capmkt:DetailsOfTheNegativeAndOtherRestrictiveCovenants contextRef="MainI">Please refer to the announcement of the company dated 26-03-2026 regarding signing of MRA and further announcement dated 25-08-2026 regarding signing of the accession to the MRA</in-capmkt:DetailsOfTheNegativeAndOtherRestrictiveCovenants></xbrli:xbrl>