<?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="INR">106900000</in-capmkt:PaidUpValueOfEquityShareCapital><in-capmkt:FaceValueOfEquityShareCapital contextRef="OneD" decimals="INF" unitRef="INRPerShare">2</in-capmkt:FaceValueOfEquityShareCapital><in-capmkt:BasicEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">3.5</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">3.5</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">3.5</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">3.5</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes to Unaudited Standalone Financial Statement for the quarter ended 30th June 2026  &lt;br /&gt; 
1.The above financial results have been reviewed by the Audit Committee, considered and approved  &lt;br /&gt; 
by the Board of Directors in their meeting held on August 03, 2026.  The Statutory Auditors of the  &lt;br /&gt; 
Company have carried out limited review of aforesaid results.  &lt;br /&gt; 
 &lt;br /&gt; 
2.Figures for the quarter ended March 31, 2026, represents the difference between the audited  &lt;br /&gt; 
figures in respect of the financial year ending March 31, 2026, and the published unaudited figures  &lt;br /&gt; 
of nine months ended December 31, 2025, which were subject to Limited Review by the Auditors.  &lt;br /&gt; 
 &lt;br /&gt; 
3.The above Standalone financial results for the quarter ended June 30, 2026, are prepared in  &lt;br /&gt; 
accordance with the Indian Accounting Standards (Ind-AS) as prescribed under section 133 of the  &lt;br /&gt; 
Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015  &lt;br /&gt; 
and relevant amendment rules thereunder.  &lt;br /&gt; 
 &lt;br /&gt; 
4.With effective from April 01, 2026, the Company has revised its method of providing depreciation  &lt;br /&gt; 
on its Property, Plant, and Equipment (PPE) from the Written Down Value (WDV) method to the  &lt;br /&gt; 
Straight-Line Method (SLM) taking balance useful life as per the requirement of the Companies Act,  &lt;br /&gt; 
2013.  &lt;br /&gt; 
In accordance with Ind AS 8 (Accounting Policies, Changes in Accounting Estimates and Errors),  &lt;br /&gt; 
this change has been treated as a change in accounting estimate and is applied prospectively from  &lt;br /&gt; 
April 01, 2026.  &lt;br /&gt; 
Consequently, depreciation for the remaining useful life of the assets has been computed using  &lt;br /&gt; 
the Straight-Line Method (SLM). The impact of this change is a reduction in depreciation charged  &lt;br /&gt; 
to the Statement of Profit and Loss amounting to Rs. 598.24 lakhs for the quarter.  &lt;br /&gt; 
Along with this change, depreciation is calculated on the Written Down Value of the Property, Plant  &lt;br /&gt; 
&amp; Equipment as of March 31, 2026, over the remaining useful life of the asset.  &lt;br /&gt; 
5.The Company does not have any exceptional items to report to the above periods.  &lt;br /&gt; 
6.The Company operate in a single reportable operating segment of Advertising business; hence,  &lt;br /&gt; 
there are no reportable segments as per Ind AS 108 ‘Operating Segment’.  &lt;br /&gt; 
Figures for the previous periods have been regrouped/rearranged/reclassified wherever necessary  &lt;br /&gt; 
to conform to the classification of the current period.</in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock><in-capmkt:DescriptionOfOtherExpenses contextRef="OneExpenses1D">Other Expenses</in-capmkt:DescriptionOfOtherExpenses><in-capmkt:OtherExpenses contextRef="OneExpenses1D" decimals="-3" unitRef="INR">113884000</in-capmkt:OtherExpenses></xbrli:xbrl>