<?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 xlink:href="in-capmkt-ent-2026-01-31.xsd" xlink:type="simple"/><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">500133</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-01</xbrli:startDate><xbrli:endDate>2026-06-30</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="OneExpenses1D"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">500133</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-01</xbrli:startDate><xbrli:endDate>2026-06-30</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherExpensesAxis">in-capmkt:OtherExpenses1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit 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</in-capmkt:NoteForNonApplicabilityOfTheDisclosureForTheDefaultOnLoansAndDebtSecuritiesToTheEntity><in-capmkt:DateOfStartOfReportingPeriod contextRef="OneD">2026-04-01</in-capmkt:DateOfStartOfReportingPeriod><in-capmkt:DateOfEndOfReportingPeriod contextRef="OneD">2026-06-30</in-capmkt:DateOfEndOfReportingPeriod><in-capmkt:WhetherResultsAreAuditedOrUnaudited contextRef="OneD">Unaudited</in-capmkt:WhetherResultsAreAuditedOrUnaudited><in-capmkt:NatureOfReportStandaloneConsolidated contextRef="OneD">Standalone</in-capmkt:NatureOfReportStandaloneConsolidated><in-capmkt:RevenueFromOperations contextRef="OneD" decimals="-5" unitRef="INR">4211200000</in-capmkt:RevenueFromOperations><in-capmkt:OtherIncome contextRef="OneD" decimals="-5" unitRef="INR">17800000</in-capmkt:OtherIncome><in-capmkt:Income contextRef="OneD" decimals="-5" unitRef="INR">4229000000</in-capmkt:Income><in-capmkt:CostOfMaterialsConsumed contextRef="OneD" decimals="-5" 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unitRef="INRPerShare">36.48</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above unaudited financial results of ESAB India Limited the Company for the quarter ended &lt;br /&gt; 
June 30 2026 are prepared in accordance with the recognition and measurement principles laid down in &lt;br /&gt; 
Indian Accounting Standards Ind AS 34 Interim Financial Results prescribed under section 133 of &lt;br /&gt; 
the Companies Act 2013 the Act read with relevant rules issued thereunder and in terms of &lt;br /&gt; 
Regulation 33 of Securities and Exchange Board of India Listing Obligations and Disclosure &lt;br /&gt; 
Requirements Regulations 2015 as amended. &lt;br /&gt; 
2. The unaudited financial results for the quarter ended June 30 2026 were reviewed by the Audit &lt;br /&gt; 
Committee and approved by the Board of Directors at their respective meetings held on August 11 &lt;br /&gt; 
2026. The Unaudited financial results were subject to limited review by statutory auditors of the &lt;br /&gt; 
company and have issued an unmodified review report on these results. &lt;br /&gt; 
3. Based on a detailed evaluation of key financial parameters by the Chief Operating Decision Maker &lt;br /&gt; 
CODM in accordance with the INDAS 108 Operating Segments the Company determines that it &lt;br /&gt; 
operates in only one segment i.e. Fabrication Technology. &lt;br /&gt; 
4. The Board of Directors had recommended final dividend of Rs. 25 per equity share of Rs. 10 each at &lt;br /&gt; 
the meeting held on May 27 2026 and approved by shareholders at the Annual General Meeting held on &lt;br /&gt; 
July 29 2026. &lt;br /&gt; 
5. Employee benefit expenses includes Rs. 48 lakhs towards stock awards granted by the Ultimate &lt;br /&gt; 
Parent Company ESAB Corporation USA under the 2022 Omnibus Incentive Plan the Plan of the &lt;br /&gt; 
Ultimate Parent Company to certain eligible employees of the Company for the quarter ended June 30 &lt;br /&gt; 
2026. &lt;br /&gt; 
6. The figures of the quarter ended March 31 2026 are the balancing figures between the annual &lt;br /&gt; 
audited figures in respect of full financial year and the published unaudited year to date figures upto the &lt;br /&gt; 
nine months period ended December 31 2025. &lt;br /&gt; 
7. The results would be uploaded and available for viewing on the Company website &lt;br /&gt; 
www.esabindia.com and on the website of the Stock Exchanges - BSE Limited and National Stock &lt;br /&gt; 
Exchange of India Limited</in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock><in-capmkt:DescriptionOfOtherExpenses contextRef="OneExpenses1D">Other Expenses</in-capmkt:DescriptionOfOtherExpenses><in-capmkt:OtherExpenses contextRef="OneExpenses1D" decimals="-5" unitRef="INR">575300000</in-capmkt:OtherExpenses><in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-5" unitRef="INR">600000</in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss><in-capmkt:IncomeTaxRelatingToItemsThatWillBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-5" unitRef="INR">0</in-capmkt:IncomeTaxRelatingToItemsThatWillBeReclassifiedToProfitOrLoss><in-capmkt:OtherComprehensiveIncome contextRef="OneD" decimals="-5" unitRef="INR">-600000</in-capmkt:OtherComprehensiveIncome></xbrli:xbrl>