<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--IFIndAs V2.1 (26-06-2026)--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-01-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/IntegratedFinance_IndAS/2026-01-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/IntegratedFinance_IndAS/2026-01-31/in-capmkt-roles" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2026-01-31/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="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">8.8</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">8.8</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.	The above Financial Results of the Company have been reviewed by the Audit committee and approved by the Board of Directors at their respective meeting held on July 23, 2026. &lt;br /&gt; 
 &lt;br /&gt; 
2.	The financial results have been prepared in accordance with Indian Accounting Standard ("Ind AS") prescribed under section 133 of the Companies Act 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation &amp; Disclosure Requirements) Regulations, 2015 (as amended) and SEBI Circular Dated July 05, 2016. &lt;br /&gt; 
 &lt;br /&gt; 
3.	The Company has identified "Manufacturing &amp; Trading of Solar Photovoltaic Modules" as its only primary reportable segment in accordance with the requirements of Ind AS 108, 'Operating Segments'. Accordingly, no separate segment information has been provided. &lt;br /&gt; 
 &lt;br /&gt; 
4.	During the quarter, the Company has received a Capital Subsidy approval of Rs.929.67 Lakhs dated May 19, 2026 under the U.P. Electronics Manufacturing Policy - 2020 (First Amendment). As per Ind AS 20- Accounting for Government Grants and Disclosure of Government Assistance, the Company has  recognized subsidy income amounting to Rs. 591.69 lakhs under Other Income and balance of Rs.337.98 Lakhs has been recognized as a Deferred Government Grant. &lt;br /&gt; 
 &lt;br /&gt; 
5.	During the period under review the company does not have any subsidiary/associates/Joint Venture company(ies), Hence, the disclosure as per the relevant Indian Accounting Standard i.e Ind AS 110 Consolidated Financial Staternent is not applicable as on June 30, 2026. &lt;br /&gt; 
 &lt;br /&gt; 
6.	The figures for three months ended March 31, 2026 are arrived at as difference between audited figures in respect of the full financial year ended March 31, 2026 and the unaudited published figures upto nine months ended December 31, 2025. &lt;br /&gt; 
 &lt;br /&gt; 
7.	Figures of the previous reporting period has been reclassified/ regrouped wherever necessary to correspond with the figures of the current reporting period. &lt;br /&gt; 
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