<?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">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">2.51</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">2.51</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">2.51</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">2.51</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The unaudited consolidated financial results for the qtr and YTD ended 30-06-2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 21-07-2025. &lt;BR&gt; 
 &lt;BR&gt; 
2.The statutory auditors of Bansal Wire Industries Limited (Parent company) have expressed an unmodified opinion on the unaudited consolidated financial results for the qtr and YTD ended 30-06-2025. &lt;BR&gt; 
 &lt;BR&gt; 
3. Unaudited consol financial results of the Co. have been prepared as per Ind AS notified under Sec. 133 of the Co. Act, 2013 read with the Companies (Ind AS) Rules, 2015 (as amended) and in pursuant to guidelines issued under Reg. 33 of SEBI (LODR) Regulations 2015, as amended. &lt;BR&gt; 
 &lt;BR&gt; 
4.The Co. has 2 subsidiaries - Bansal Steel &amp; Power Limited (BSPL) and BWI Steel Private Limited (BWI).  BSPL has become WOS of the Co. w.e.f. 31-07-2024 &amp; BWI has been incorporated as a WOS on 04-10-2024 vide BR dated 03-09-2024(No operational activities started till date). &lt;BR&gt; 
 &lt;BR&gt; 
5.The equity shares of the Parent Co. have been listed on NSE &amp; on BSE Limited on 10-07-2024 by IPO of 29101562 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 BR dated 08-07-2024. &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 utilized &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 utilized &lt;BR&gt; 
iii)Rs. 600.00 Mn. allocated for funding the working capital requirements of our Co. has been fully utilized &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 utlised 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 consolidated unaudited financial results for the qtr and YTD ended 30-06-2025 are available on the Co.'s website at www.bansalwire.com and also on the website of BSE Limited at www.bseindia.com and NSE at www.nseindia.com, where the shares of the Co. are listed. &lt;BR&gt; 
 &lt;BR&gt; 
8.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="-4" unitRef="INR">983530000</in-capmkt:OtherExpenses><in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-4" unitRef="INR">1610000</in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss><in-capmkt:IncomeTaxRelatingToItemsThatWillBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-4" unitRef="INR">-1120000</in-capmkt:IncomeTaxRelatingToItemsThatWillBeReclassifiedToProfitOrLoss><in-capmkt:OtherComprehensiveIncome contextRef="OneD" decimals="-4" unitRef="INR">-490000</in-capmkt:OtherComprehensiveIncome></xbrli:xbrl>