<?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">1</in-capmkt:FaceValueOfEquityShareCapital><in-capmkt:BasicEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.05</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.05</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">1.05</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">1.05</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1) The above standalone unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on 12th August 2026. The Company confirms that its Statutory Auditors have expressed an unmodified opinion on these Financial Results.							 &lt;br /&gt; 
2) The above standalone unaudited financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016.		 &lt;br /&gt; 
					 &lt;br /&gt; 
3) The format for Audited /Unaudited, Annual/quarterly Results is as prescribed vide SEBI circular dated 5th July, 2016 and Schedule III (Division II) of the Companies Act, 2013 applicable to companies that are required to comply with Ind AS.							 &lt;br /&gt; 
4) The figures for the quarters ended 31st March, 2026 is the balancing figures between audited figures in respect of the full financial year and the Limited Reviewed Un-audited Results upto 3rd quarter for the Financial Year 2025-26.							 &lt;br /&gt; 
5) In line with the provision of Ind AS-108 'Operating Segment' and on the basis of review of operation being done by the senior management, the operations of the company fall under Shares &amp; Securities business, which is considered to be the only reportable segment by the management.		 &lt;br /&gt; 
					 &lt;br /&gt; 
6) The unaudited financial results of the Company are available on the Company's website: www.blblimited.com and on the Stock Exchanges website www.nseindia.com and www.bseindia.com.							 &lt;br /&gt; 
7) Figures for the previous quarter/ period have been regrouped/ rearranged wherever necessary.	 &lt;br /&gt; 
</in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock><in-capmkt:DescriptionOfOtherExpenses contextRef="OneExpenses1D">Other Expenses</in-capmkt:DescriptionOfOtherExpenses><in-capmkt:OtherExpenses contextRef="OneExpenses1D" decimals="-5" unitRef="INR">6100000</in-capmkt:OtherExpenses><in-capmkt:DescriptionOfItemThatWillNotBeReclassifiedToProfitAndLoss contextRef="D_ItemsThatWillNotBeReclassifiedToProfitAndLoss11">Net gain/ (loss) on FVTOCI Equity Instruments</in-capmkt:DescriptionOfItemThatWillNotBeReclassifiedToProfitAndLoss><in-capmkt:AmountOfItemThatWillNotBeReclassifiedToProfitAndLoss contextRef="D_ItemsThatWillNotBeReclassifiedToProfitAndLoss11" decimals="-5" unitRef="INR">300000</in-capmkt:AmountOfItemThatWillNotBeReclassifiedToProfitAndLoss><in-capmkt:AmountOfItemThatWillNotBeReclassifiedToProfitAndLoss contextRef="OneD" decimals="-5" unitRef="INR">300000</in-capmkt:AmountOfItemThatWillNotBeReclassifiedToProfitAndLoss><in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-5" unitRef="INR">100000</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">200000</in-capmkt:OtherComprehensiveIncome><in-capmkt:TotalOutstandingAmountOfLoansOrRevolvingFacilitiesAtTheEndOfPeriod contextRef="OneI" decimals="-3" unitRef="INR">2558000</in-capmkt:TotalOutstandingAmountOfLoansOrRevolvingFacilitiesAtTheEndOfPeriod><in-capmkt:AmountOfDefaultOutOfTotalOutstandingAmountOfLoansOrRevolvingFacilitiesAtTheEndOfPeriod contextRef="OneI" decimals="-5" unitRef="INR">0</in-capmkt:AmountOfDefaultOutOfTotalOutstandingAmountOfLoansOrRevolvingFacilitiesAtTheEndOfPeriod><in-capmkt:TotalOutstandingAmountOfUnlistedDebtSecuritiesAtTheEndOfPeriod contextRef="OneI" decimals="-5" unitRef="INR">0</in-capmkt:TotalOutstandingAmountOfUnlistedDebtSecuritiesAtTheEndOfPeriod><in-capmkt:AmountOfDefaultOutOfTotalOutstandingAmountOfUnlistedDebtSecuritiesAtTheEndOfPeriod contextRef="OneI" decimals="-5" unitRef="INR">0</in-capmkt:AmountOfDefaultOutOfTotalOutstandingAmountOfUnlistedDebtSecuritiesAtTheEndOfPeriod><in-capmkt:AmountOfTotalFinancialIndebtednessOfTheListedEntityIncludingShortTermAndLongTermDebtAtTheEndOfPeriod contextRef="OneI" decimals="-5" unitRef="INR">0</in-capmkt:AmountOfTotalFinancialIndebtednessOfTheListedEntityIncludingShortTermAndLongTermDebtAtTheEndOfPeriod></xbrli:xbrl>