<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--FRNBFC--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-01-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/IntegratedFinance_NBFC/2025-01-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/IntegratedFinance_NBFC/2025-01-31/in-capmkt-roles" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2025-01-31/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">17.59</in-capmkt:BasicEarningsLossPerShareFromContinuingOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">17.45</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">17.59</in-capmkt:BasicEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations contextRef="OneD" decimals="INF" unitRef="INRPerShare">17.45</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DebtEquityRatio contextRef="OneD" decimals="INF" unitRef="pure">0.0317</in-capmkt:DebtEquityRatio><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The financial results have been prepared in accordance with applicable accounting standards prescribed under section 133 of Companies Act, 2013 read with (Indian Accounting Standard) Rules, 2015 (Ind AS), as amended from time to time, and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). &lt;BR&gt; 
 &lt;BR&gt; 
2.The above financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2025 and subject to limited review by the joint statutory auditors of the Company. The financial results for the quarter ended June 30, 2024 were reviewed by Walker Chandiok &amp; Co LLP, Chartered Accountants. &lt;BR&gt; 
 &lt;BR&gt; 
3. The figures for the quarter ended March 31, 2025 represent balancing figures between audited figures for the year ended March 31, 2025 and year to date figures upto December 31, 2024 which were subjected to limited review by joint statutory auditors of the company . &lt;BR&gt; 
 &lt;BR&gt; 
4. Pursuant to purchase of shares under separate share sale agreements entered into by each of (i) Lake District Holdings Limited ("LDHL") (ii) Partners Group ESCL Limited ("PGEL"), (iii) Partners Group Private Equity (Master Fund), LLC ("PGPE"), (LDHL, PGEL and PGPE collectively referred as 'Sellers'),  with the Company and Aquilo House Pte. Ltd. ('Acquirer') on August 10, 2024 (collectively, the "SPAs"), and Pursuant to an open offer by Aquilo House Pte. Ltd. in terms of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers Regulations), 2011, the Acquirer has acquired an aggregate of 38,757,228 equity shares of the Company representing 48.96% of paid-up share capital of the Company as on June 30, 2025. &lt;BR&gt; 
Pursuant to the above, the Sellers have ceased to be the 'Promoters' and members of the 'promoter Group' of the Company, and are not in control of the Company; and the Acquirer has acquired control of the Company, and stands reclassified as a 'promoter' of the Company with effect from June 30, 2025. &lt;BR&gt; 
 &lt;BR&gt; 
5. During the quarter ended June 30, 2025, the Company has allotted 2,220 equity shares to eligible employees under Employee stock Option Plan at a price of INR 1,580.20 per equity share at premium of INR 1,570.20 per equity share. The Company has also allotted 1,020 equity shares to eligible employees under Performance stock Option Plan at a price of INR 10.00 per equity share. &lt;BR&gt; 
 &lt;BR&gt; 
6. Disclosures pursuant to RBI Notification-RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021 &lt;BR&gt; 
 &lt;BR&gt; 
(a) Details of transfer through assignment in respect of loans not in default during the quarter ended June 30, 2025. &lt;BR&gt; 
 &lt;BR&gt; 
(b) Details of transfer through Co-lending in respect of loans not in default during the quarter ended June 30, 2025. &lt;BR&gt; 
 &lt;BR&gt; 
(c) The Company has not transferred or acquired, any stressed loans during the quarter ended June 30, 2025. &lt;BR&gt; 
 &lt;BR&gt; 
(d) The Company has not acquired, any loans not in default during the quarter ended June 30, 2025. &lt;BR&gt; 
 &lt;BR&gt; 
7.Disclosure in compliance with Regulation 52(4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the quarter ended June 30, 2025 is attached as Annexure A. &lt;BR&gt; 
 &lt;BR&gt; 
8. The Company has maintained at-least 100% security cover on its secured listed non-convertible debentures (NCDs) as on June 30, 2025 (by creating exclusive charge on hypothecation of specific and identified book debts/receivables). The proceeds of the NCDs, utilised till the end of the reporting period, were used for the objects that were stated in the respective offer documents. &lt;BR&gt; 
 &lt;BR&gt; 
9. The Company is engaged primarily in the business of housing finance within india and there are no separate reportable segments as per Ind AS 108 dealing with Operating Segments. &lt;BR&gt; 
 &lt;BR&gt; 
10.Figures for the previous year/periods have been regrouped and/or reclassified wherever considered necessary. The impact, if any, are not material to financial results.</in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock><in-capmkt:RemarksForDebtEquityRatio contextRef="OneD">Debt is 1431658.52 Lakhs where as equity is 450980.69 as on June 25</in-capmkt:RemarksForDebtEquityRatio><in-capmkt:DescriptionOfOtherExpenses contextRef="OneExpenses1D">Other expenses</in-capmkt:DescriptionOfOtherExpenses><in-capmkt:OtherExpenses contextRef="OneExpenses1D" decimals="-4" unitRef="INR">438920000</in-capmkt:OtherExpenses></xbrli:xbrl>