<?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">15.39</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">15.39</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">I. The above unaudited consolidated and standalone financial results of the Company for the quarter ended 30th June 2026 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 28th July 2026. &lt;br /&gt; 
2. Other Income includes &lt;br /&gt; 
a. Insurance Claim Nil for the quarter ended 30th June 2026 Nil for the quarter ended 31st March &lt;br /&gt; 
2026 Rs. 20.49 crore for the quarter ended 30th June 2025 towards Loss of Profit claims arising &lt;br /&gt; 
from the Hyderabad unit furnace collapse. &lt;br /&gt; 
b. Government Subsidies Nil for the quarter ended 30th June 2026 Rs.48.46 crore for the quarter ended 31st March 2026 Nil for the quarter ended 30th June 2025 representing investment linked incentives under the Telangana State Investment Promotion Policy for mega projects. &lt;br /&gt; 
c. Gain on sale of investment property Rs.4.36 crore for the quarter ended 30th June 2026 Nil for the quarter ended 31st March 2026  Nil for the quarter ended 30th June 2025. &lt;br /&gt; 
3. The Statutory auditors of the Company have carried out a limited review of the above unaudited consolidated and standalone financial results. &lt;br /&gt; 
4. Figures for the quarter ended 31st March 2026 represent balancing figures between audited figures for the full financial year and published year to date figures up to 31st December 2025. &lt;br /&gt; 
5. The figures for the previous quarter period have been rearranged regrouped wherever considered necessary. &lt;br /&gt; 
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