<?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">99024000</in-capmkt:ComprehensiveIncomeForThePeriod><in-capmkt:ProfitOrLossAttributableToOwnersOfParent contextRef="OneD" decimals="-3" unitRef="INR">81363000</in-capmkt:ProfitOrLossAttributableToOwnersOfParent><in-capmkt:ProfitOrLossAttributableToNonControllingInterests contextRef="OneD" decimals="-4" unitRef="INR">250000</in-capmkt:ProfitOrLossAttributableToNonControllingInterests><in-capmkt:ComprehensiveIncomeForThePeriodAttributableToOwnersOfParent contextRef="OneD" decimals="-3" unitRef="INR">98678000</in-capmkt:ComprehensiveIncomeForThePeriodAttributableToOwnersOfParent><in-capmkt:ComprehensiveIncomeForThePeriodAttributableToOwnersOfParentNonControllingInterests contextRef="OneD" decimals="-3" unitRef="INR">347000</in-capmkt:ComprehensiveIncomeForThePeriodAttributableToOwnersOfParentNonControllingInterests><in-capmkt:PaidUpValueOfEquityShareCapital contextRef="OneD" decimals="-3" unitRef="INR">440482000</in-capmkt:PaidUpValueOfEquityShareCapital><in-capmkt:FaceValueOfEquityShareCapital contextRef="OneD" decimals="INF" unitRef="INRPerShare">10</in-capmkt:FaceValueOfEquityShareCapital><in-capmkt:BasicEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.85</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.85</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">1.85</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.85</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD"> &lt;BR&gt; 
1 The above statement of Consolidated Unaudited financial results The Statement of Apollo Pipes Limited the Company for the Quarter ended June 30 2025 has been reviewed by the Audit Committee and approved by the Board of Directors The Board of the Company at their respective meetings held on  Aug 7th 2025 &lt;BR&gt; 
 &lt;BR&gt; 
2 The above Consolidated Financial Results are extracted from the un-audited consolidated financial statements which are prepared in accordance with Indian Accounting Standard 34 IND AS as prescribed under section 133 of the Companies Act 2013 and in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 SEBI Regulations &lt;BR&gt; 
 &lt;BR&gt; 
3 The consolidated financial results includes results of its subsidiary companies viz Kisan Moulding Limited including KML Tradelinks Private limited a subsidairy of Kisan Moulding Limited &lt;BR&gt; 
 &lt;BR&gt; 
4 The Company has acquired 1% additional stake in Kisan Mouldings Limited KML for a total sum of Rs 4.95 Crore consequent upon which holding changed from 57.6 percentage to 58.6 percentageof KML &lt;BR&gt; 
 &lt;BR&gt; 
5 The Company operates in one segment ie Manufacturing and Trading of Plastic Pipes Fittings and Allied Products  Hence no separate segment disclosures as per Ind AS 108 Operating Segments have been presented &lt;BR&gt; 
 &lt;BR&gt; 
6 Pursuant to the approval of Board of Directors and Shareholders vide meetings on Jan 27 2025 and Feb 26 2025 respectively Warrants to the tune of 2000000 at 550 per warrant amounted Rs 110.0 Crs were allotted out of which Rs 27.50 Crs received as 25 percentage application money  Further balance amount would be received within prescribed period by SEBI &lt;BR&gt; 
 &lt;BR&gt; 
 7 Previous year period figures have been regrouped recast wherever necessary to make them comparable &lt;BR&gt; 
 &lt;BR&gt; 
8 Results of the company will be available on the website of the company &lt;BR&gt; 
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