<?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">1970400000</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">13.41</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">13.41</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">13.41</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">13.41</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1	The above standalone financial results for the quarter ended June 30, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on August 7, 2025. The review of the standalone financial results has been carried out by the Statutory Auditors of the Company. &lt;BR&gt; 
2	These unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standard (Ind AS) 34 on ‘Interim Financial Reporting’, the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. &lt;BR&gt; 
3	Based on internal reporting provided to the Chief Operating Decision Maker, “Media and Entertainment” is the only reportable segment for the Company. &lt;BR&gt; 
4	The Board of Directors have declared an interim dividend of Rs.5.00per share (100%) at their meeting held on August 7, 2025. &lt;BR&gt; 
5	The results for the quarter ended June 30, 2025 includes income from the Company’s Cricket Franchises (“Sunrisers Hyderabad” and “Sunrisers Eastern Cape”) of Rs. 473.03 crores (Quarter ended June 30, 2024 – Rs 497.05 crores) and corresponding costs of Rs. 256.09 crores (Quarter ended June 30, 2024 – Rs 236.42 crores). &lt;BR&gt; 
6	Exceptional item during the quarter and year ended March 31, 2025 represents provision for impairment in the Company's investment in a Joint Venture on account of the recoverable amount being lower than the carrying amount, primarily considering the Joint Venture's operating performance and other relevant economic and market indicators. &lt;BR&gt; 
7	Subsequent to the quarter ended June 30, 2025, the Company has entered into a Share Purchase Agreement (SPA) with the England and Wales Cricket Board to acquire 100% stake in the equity of Northern Superchargers Limited ('NSL'), a Company registered in London, United Kingdom, for a consideration of GBP 100.5 million. &lt;BR&gt; 
8	The standalone financial results for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2025 and unaudited year-to-date figures up to the period ended December 31, 2024 which was subject to a limited review. &lt;BR&gt; 
9	Previous period's / year's figures have been regrouped / reclassified wherever necessary to make it comparable with current period.  &lt;BR&gt; 
 &lt;BR&gt; 
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