<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--IFFIndAs--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-01-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/IntegratedFinance_IndAS/2025-01-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/IntegratedFinance_IndAS/2025-01-31/in-capmkt-roles" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2025-01-31/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 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unitRef="INR">300550000</in-capmkt:ComprehensiveIncomeForThePeriod><in-capmkt:PaidUpValueOfEquityShareCapital contextRef="OneD" decimals="-4" unitRef="INR">782780000</in-capmkt:PaidUpValueOfEquityShareCapital><in-capmkt:FaceValueOfEquityShareCapital contextRef="OneD" decimals="INF" unitRef="INRPerShare">5</in-capmkt:FaceValueOfEquityShareCapital><in-capmkt:BasicEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.93</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.93</in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations><in-capmkt:BasicEarningsLossPerShareFromDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">0</in-capmkt:BasicEarningsLossPerShareFromDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">0</in-capmkt:DilutedEarningsLossPerShareFromDiscontinuedOperations><in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.93</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.93</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.Unaudited standalone financial results have been reviewed and recommended by the Audit Committee and the same has been approved by the Board of Directors in its meeting held on 21-07-2025. &lt;BR&gt; 
 &lt;BR&gt; 
2. The statutory auditors of the Co. have expressed an unmodified opinion on the unaudited standalone financial results for the qtr and YTD ended 30-06-2025. &lt;BR&gt; 
 &lt;BR&gt; 
3. The unaudited standalone financial results of the Co. have been prepared in accordance with Indian Accounting Standards notified under Sec. 133 of the Companies Act, 2013 read with the Companies Indian Accounting Standard Rules, 2015 (as amended). &lt;BR&gt; 
 &lt;BR&gt; 
4. The above statement of standalone unaudited financial results for the qtr and YTD ended 30-06-2025 are drawn up in accordance with the requirements of Reg. 33 of SEBI (LODR) Regulations, 2015, as amended. &lt;BR&gt; 
 &lt;BR&gt; 
5. The equity shares of the Co. have been listed on NSE &amp; on BSE Limited on 10-07-2024 by completing Initial Public Offer of 2,91,01,562 equity shares of face value of Rs. 5/- each at an issue price of Rs. 256/- per equity share (including share premium of Rs. 251/- per equity share) aggregating to Rs. 7450 Mn. The equity shares were allotted to eligible shareholders vide board resolution dated 08-07-2024. &lt;BR&gt; 
As of 30-06-2025, the utilization of Gross Proceeds is as follows: &lt;BR&gt; 
 &lt;BR&gt; 
i)Rs.4,526.83 Mn. allocated for the repayment or prepayment of certain outstanding borrowings of the Co. has been fully utilised. &lt;BR&gt; 
ii)Rs. 937.08 Mn. allocated for investment in our Subsidiary to repay or prepay a portion of its outstanding borrowings has been fully utilised. &lt;BR&gt; 
iii)Rs. 600.00 Mn. allocated for funding the working capital requirements of our Co. has been fully utilised. &lt;BR&gt; 
iv)Rs.906.64* Mn. allocated for general corporate purposes has been fully utlisied. &lt;BR&gt; 
v)Rs. 479.45* Mn. allocated for estimated issue expenses has been fully utilised. &lt;BR&gt; 
*The original estimated issue expenses were Rs. 520.57, however, the actual issue expenses being less than estimated as disclosed in the prospectus dated 05-07-2024 and therefore, the surplus issue expenses  has been allocated and utilised towards General Corporate Purpose. &lt;BR&gt; 
 &lt;BR&gt; 
6.The figures for the qtr ended 31-03-2025 are the balancing figures between the audited figures for the year ended 31-03-2025 and reviewed published figures for the 9 months ended 31-12-2024. And the figures for the qtr ended 30-06-2024 are the published unaudited figures. &lt;BR&gt; 
 &lt;BR&gt; 
7. The Co. has two subsidiaries namely Bansal Steel &amp; Power Limited (BSPL) and BWI Steel Pvt Limited(BWI).  BSPL has become wholly owned subsidiary of the Co. w.e.f. 31-07-2024 and the BWI has been incorporated as a wholly owned subsidiary on 04-10-2024 vide board resolution dated 03-09-2024(No operational activities started till date). &lt;BR&gt; 
 &lt;BR&gt; 
8. The Co. is engaged primarily in the business of manufacturing of iron and steel wire and, as such, does not have any separate reportable segments in accordance with Ind AS 108 - Operating Segments. &lt;BR&gt; 
 &lt;BR&gt; 
9. The results for the quarter and YTD ended June 30, 2025 are available on the Company's website at www.bansalwire.com and also on the website of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com, where the shares of the Company are listed. &lt;BR&gt; 
 &lt;BR&gt; 
10. Figures for the periods/year are reclassified, regrouped wherever necessary to conform to current period presentation.</in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock><in-capmkt:DescriptionOfOtherExpenses contextRef="OneExpenses1D">Other Expenses</in-capmkt:DescriptionOfOtherExpenses><in-capmkt:OtherExpenses contextRef="OneExpenses1D" decimals="-5" unitRef="INR">706700000</in-capmkt:OtherExpenses><in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-6" unitRef="INR">3000000</in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss><in-capmkt:IncomeTaxRelatingToItemsThatWillBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-4" unitRef="INR">-760000</in-capmkt:IncomeTaxRelatingToItemsThatWillBeReclassifiedToProfitOrLoss><in-capmkt:OtherComprehensiveIncome contextRef="OneD" decimals="-4" unitRef="INR">-2240000</in-capmkt:OtherComprehensiveIncome></xbrli:xbrl>