<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--IFNBFC 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_NBFC/2026-01-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/IntegratedFinance_NBFC/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">1.59</in-capmkt:DilutedEarningsLossPerShareFromContinuingAndDiscontinuedOperations><in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes &lt;br /&gt; 
 &lt;br /&gt; 
1. The above Unaudited Financial Results of the Quarter have been reviewed by the Audit Committee &amp; approved by the the Board of Directors at its meeting held on 12th August, 2026. The Statutory Auditors of the Company have carried out limited review.  &lt;br /&gt; 
2.The above Financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS notified under section 133 of Companies Act, 2013 read with relevant Rules issued thereunder and other accounting principles generally accepted in India. &lt;br /&gt; 
3.In the opinion of the Board Of Directors,there is only one Major segment ie. Retail Finance, hence, no disclosure of segment reporting is required as per Ind-AS - 108, "Operating Segments". &lt;br /&gt; 
4.In accordance with Ind As 33 - Earnings per share., the figures of earnings per share for the all the earlier periods have been restated accordingly &lt;br /&gt; 
5.The figures have been regrouped and reclassified wherever necessary. &lt;br /&gt; 
6.The above financial result is available at www.bseindia.com and www.shalibhadrafinance.com</in-capmkt:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock><in-capmkt:DescriptionOfOtherRevenueFromOperations contextRef="OneRevenue1D">Bank FDR Interest</in-capmkt:DescriptionOfOtherRevenueFromOperations><in-capmkt:OtherRevenueFromOperations contextRef="OneRevenue1D" decimals="-5" unitRef="INR">1300000</in-capmkt:OtherRevenueFromOperations><in-capmkt:DescriptionOfOtherExpenses contextRef="OneExpenses1D">Administrative &amp; Other Expenses</in-capmkt:DescriptionOfOtherExpenses><in-capmkt:OtherExpenses contextRef="OneExpenses1D" decimals="-5" unitRef="INR">14800000</in-capmkt:OtherExpenses><in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss contextRef="OneD" decimals="-5" unitRef="INR">-5600000</in-capmkt:IncomeTaxRelatingToItemsThatWillNotBeReclassifiedToProfitOrLoss><in-capmkt:OtherComprehensiveIncome contextRef="OneD" decimals="-5" unitRef="INR">5600000</in-capmkt:OtherComprehensiveIncome></xbrli:xbrl>