<?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">0.28</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">0.28</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.	The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 14, 2026 and have been subjected to a limited review by the Statutory Auditor of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The financial results of the Company have been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, and other recognised accounting principles generally accepted in India. &lt;br /&gt; 
 &lt;br /&gt; 
These financial results are available on the website of the Company viz. www.https://dsfcl.com and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). &lt;br /&gt; 
 &lt;br /&gt; 
2.	The Board approved the Composite Scheme of Arrangement on November 14, 2023, providing, inter alia, for the amalgamation of Lily Commercial Private Limited with DCM Shriram Industries Limited and the subsequent demerger of the Chemical and Rayon undertakings into the Company and DCM Shriram International Limited, respectively, with an appointed date of April 1, 2023. The NCLT sanctioned the Scheme on November 21, 2025, and it became effective on December 17, 2025 upon filing of the order with the Registrar of Companies. Accordingly, the Scheme has been given effect to in FY 2025-26. &lt;br /&gt; 
 &lt;br /&gt; 
Pursuant to the Scheme, the Company’s financial information has been restated in accordance with Appendix C of Ind AS 103, with prior-period figures recast from the appointed date of April 1, 2023. &lt;br /&gt; 
 &lt;br /&gt; 
3.	On November 21, 2025, the Government of India notified the four Labour Codes consolidating 29 existing labour laws. The Company has assessed the potential impact of the aforesaid Labour Codes on its employee benefit obligations and related costs, consistent with the guidance provided by the Institute of Chartered Accountants of India and is of the view that there is no material financial impact of the same based on existing remuneration structure. &lt;br /&gt; 
 &lt;br /&gt; 
4.	The Company's business activities falls within a single primary business segment i.e. manufacturing of Organics and fine chemicals in India. &lt;br /&gt; 
 &lt;br /&gt; 
5.	The figures for the quarter ended March 31, 2026 are balancing figures between the audited figures in respect of the full previous financial year and the published unaudited year to date figures up to the third quarter of the relevant financial year. &lt;br /&gt; 
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