<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--ICGIG V1.1 (01-01-2026)--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2024-12-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/IntegratedGovernance/2024-12-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/IntegratedGovernance/2024-12-31/in-capmkt-roles" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2024-12-31/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-2024-12-31.xsd" xlink:type="simple"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/Symbol">ECOLINE</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-10-01</xbrli:startDate><xbrli:endDate>2025-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/Symbol">ECOLINE</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-12-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="PY_I"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/Symbol">ECOLINE</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-09-30</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:ScripCode contextRef="MainI">000000</in-capmkt:ScripCode><in-capmkt:Symbol contextRef="MainI">ECOLINE</in-capmkt:Symbol><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE0VBS01016</in-capmkt:ISIN><in-capmkt:NameOfTheCompany contextRef="MainI">ECOLINE EXIM LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:DateOfStartOfFinancialYear contextRef="MainI">2025-04-01</in-capmkt:DateOfStartOfFinancialYear><in-capmkt:DateOfEndOfFinancialYear contextRef="MainI">2026-03-31</in-capmkt:DateOfEndOfFinancialYear><in-capmkt:ReportingQuarter contextRef="MainI">Quarterly</in-capmkt:ReportingQuarter><in-capmkt:DateOfEndOfReportingPeriod contextRef="MainI">2025-12-31</in-capmkt:DateOfEndOfReportingPeriod><in-capmkt:TypeOfCompany contextRef="MainD">SME</in-capmkt:TypeOfCompany><in-capmkt:WhetherPartAOfAnnexureIOfTheSEBICircularDated31December2024RelatedToComplianceReportOnCorporateGovernanceIsApplicableToTheEntity contextRef="MainD">false</in-capmkt:WhetherPartAOfAnnexureIOfTheSEBICircularDated31December2024RelatedToComplianceReportOnCorporateGovernanceIsApplicableToTheEntity><in-capmkt:ReasonForPartAOfAnnexureIOfTheSEBICircularDated31December2024RelatedToComplianceReportOnCorporateGovernanceIsNotApplicableToTheEntity contextRef="MainD">In accordance with Regulation 15 of the SEBI (LODR) Regulations, 2015, the provisions of Chapter IV shall apply to a listed entity which has listed its specified securities on any recognized stock exchange(s), either on the Main Board, SME Exchange, or Innovators Growth Platform. However, the compliance requirements for corporate governance as specified under Regulations 17, 17A, 18, 19,20,21, 22, 23, 24, 24A, 25, 26, 27, and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, along with Para C, D and E of Schedule V, are exempt for:
A. Companies having paid-up equity share capital not exceeding Rs.10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year; and 
B. A listed entity which has listed its specified securities on the SME Exchange. 
Since, Ecoline Exim Limited is listed on the Emerge Platform of NSE India Limited, the provisions relating to Corporate Governance, including submission of the compliance report under Regulation 27(2) of the SEBI (LODR) Regulations, 2015, are not applicable to the Company in line with Regulation 15(2)(b) read with Regulation 27(2) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. 
Accordingly, being a company listed on the SME Exchange, the compliance requirements under Regulation 27 of the SEBI (LODR) Regulations, 2015 are not applicable to Ecoline Exim Limited
</in-capmkt:ReasonForPartAOfAnnexureIOfTheSEBICircularDated31December2024RelatedToComplianceReportOnCorporateGovernanceIsNotApplicableToTheEntity><in-capmkt:WhetherPartBOfAnnexureIOfTheSEBICircularDated31December2024RelatedToInvestorGrievanceRedressalReportIsApplicableToTheEntity contextRef="MainD">true</in-capmkt:WhetherPartBOfAnnexureIOfTheSEBICircularDated31December2024RelatedToInvestorGrievanceRedressalReportIsApplicableToTheEntity><in-capmkt:WhetherPartCOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfAcquisitionOfSharesOrVotingRightsInUnlistedCompaniesIsApplicableToTheEntity contextRef="MainD">false</in-capmkt:WhetherPartCOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfAcquisitionOfSharesOrVotingRightsInUnlistedCompaniesIsApplicableToTheEntity><in-capmkt:ReasonForPartCOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfAcquisitionOfSharesOrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity contextRef="MainD">In accordance with Regulation 15 of the SEBI (LODR) Regulations, 2015, the provisions of Chapter IV shall apply to a listed entity which has listed its specified securities on any recognized stock exchange(s), either on the Main Board, SME Exchange, or Innovators Growth Platform. However, the compliance requirements for corporate governance as specified under Regulations 17, 17A, 18, 19,20,21, 22, 23, 24, 24A, 25, 26, 27, and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, along with Para C, D and E of Schedule V, are exempt for:
A. Companies having paid-up equity share capital not exceeding Rs.10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year; and 
B. A listed entity which has listed its specified securities on the SME Exchange. 
Since, Ecoline Exim Limited is listed on the Emerge Platform of NSE India Limited, the provisions relating to Corporate Governance, including submission of the compliance report under Regulation 27(2) of the SEBI (LODR) Regulations, 2015, are not applicable to the Company in line with Regulation 15(2)(b) read with Regulation 27(2) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. 
Accordingly, being a company listed on the SME Exchange, the compliance requirements under Regulation 27 of the SEBI (LODR) Regulations, 2015 are not applicable to Ecoline Exim Limited
</in-capmkt:ReasonForPartCOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfAcquisitionOfSharesOrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity><in-capmkt:WhetherPartDOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfImpositionOfFineOrPenaltyIsApplicableToTheEntity contextRef="MainD">false</in-capmkt:WhetherPartDOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfImpositionOfFineOrPenaltyIsApplicableToTheEntity><in-capmkt:ReasonForPartDOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfImpositionOfFineOrPenaltyIsNotApplicableToTheEntity contextRef="MainD">In accordance with Regulation 15 of the SEBI (LODR) Regulations, 2015, the provisions of Chapter IV shall apply to a listed entity which has listed its specified securities on any recognized stock exchange(s), either on the Main Board, SME Exchange, or Innovators Growth Platform. However, the compliance requirements for corporate governance as specified under Regulations 17, 17A, 18, 19,20,21, 22, 23, 24, 24A, 25, 26, 27, and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, along with Para C, D and E of Schedule V, are exempt for:
A. Companies having paid-up equity share capital not exceeding Rs.10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year; and 
B. A listed entity which has listed its specified securities on the SME Exchange. 
Since, Ecoline Exim Limited is listed on the Emerge Platform of NSE India Limited, the provisions relating to Corporate Governance, including submission of the compliance report under Regulation 27(2) of the SEBI (LODR) Regulations, 2015, are not applicable to the Company in line with Regulation 15(2)(b) read with Regulation 27(2) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. 
Accordingly, being a company listed on the SME Exchange, the compliance requirements under Regulation 27 of the SEBI (LODR) Regulations, 2015 are not applicable to Ecoline Exim Limited
</in-capmkt:ReasonForPartDOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfImpositionOfFineOrPenaltyIsNotApplicableToTheEntity><in-capmkt:WhetherPartEOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfUpdatesToOngoingTaxLitigationsOrDisputesIsApplicableToTheEntity contextRef="MainD">false</in-capmkt:WhetherPartEOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfUpdatesToOngoingTaxLitigationsOrDisputesIsApplicableToTheEntity><in-capmkt:ReasonForPartEOfAnnexureIOfTheSEBICircularDated31December2024RelatedToDisclosureOfUpdatesToOngoingTaxLitigationsOrDisputesIsNotApplicableToTheEntity contextRef="MainD">In accordance with Regulation 15 of the SEBI (LODR) Regulations, 2015, the provisions of Chapter IV shall apply to a listed entity which has listed its specified securities on any recognized stock exchange(s), either on the Main Board, SME Exchange, or Innovators Growth Platform. However, the compliance requirements for corporate governance as specified under Regulations 17, 17A, 18, 19,20,21, 22, 23, 24, 24A, 25, 26, 27, and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, along with Para C, D and E of Schedule V, are exempt for:
A. Companies having paid-up equity share capital not exceeding Rs.10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year; and 
B. A listed entity which has listed its specified securities on the SME Exchange. 
Since, Ecoline Exim Limited is listed on the Emerge Platform of NSE India Limited, the provisions relating to Corporate Governance, including submission of the compliance report under Regulation 27(2) of the SEBI (LODR) Regulations, 2015, are not applicable to the Company in line with Regulation 15(2)(b) read with Regulation 27(2) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. 
Accordingly, being a company listed on the SME Exchange, the compliance requirements under Regulation 27 of the SEBI (LODR) Regulations, 2015 are not applicable to Ecoline Exim Limited
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