<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Announcements_Pertaining_To_Outcome_Of_Board_Meeting/2024-05-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2024-05-31/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.w3.org/1999/xlink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2024-05-31.xsd" xlink:type="simple"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-05-15</xbrli:startDate><xbrli:endDate>2025-05-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-05-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="DividendD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-05-15</xbrli:startDate><xbrli:endDate>2025-05-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="DividendI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-05-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="BuybackD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-05-15</xbrli:startDate><xbrli:endDate>2025-05-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="BuybackI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-05-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="BonussharesD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-05-15</xbrli:startDate><xbrli:endDate>2025-05-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="BonussharesI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-05-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="PreI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-05-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="PostI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523319</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-05-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">BALMLAWRIE</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">BALMER LAWRIE &amp; COMPANY LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Dividend</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:SecondEventOfBoardMeeting contextRef="MainD">Bonus Shares</in-capmkt:SecondEventOfBoardMeeting><in-capmkt:ThirdEventOfBoardMeeting contextRef="MainD">Buy-back</in-capmkt:ThirdEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2025-05-15</in-capmkt:DateOfReport><in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange contextRef="DividendI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2025-04-28</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2025-05-15</in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">13:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">23:00:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard contextRef="DividendD">Yes</in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard><in-capmkt:FirstTypeOfDividend contextRef="DividendD">Final</in-capmkt:FirstTypeOfDividend><in-capmkt:RateOfFinalDividendRecommendedPerEquityShare contextRef="DividendI">8.5</in-capmkt:RateOfFinalDividendRecommendedPerEquityShare><in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend contextRef="DividendI">false</in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend><in-capmkt:NotesForRecordDateOrBookClosureHasNotBeenFixed contextRef="DividendI">Record date shall be fixed later</in-capmkt:NotesForRecordDateOrBookClosureHasNotBeenFixed><in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend contextRef="DividendI">false</in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend><in-capmkt:NotesForDateOfGeneralMeetingIsNotFixedForThePurposeOfFinalDividend contextRef="DividendI">Date of General Meeting shall be fixed later.</in-capmkt:NotesForDateOfGeneralMeetingIsNotFixedForThePurposeOfFinalDividend><in-capmkt:PeriodForWhichFinalDividendIsDeclared contextRef="DividendI">2024-2025</in-capmkt:PeriodForWhichFinalDividendIsDeclared><in-capmkt:TypeOfSecuritiesOfBuyback contextRef="BuybackD">Equity</in-capmkt:TypeOfSecuritiesOfBuyback><in-capmkt:DateOfBoardMeetingToConsiderTheDecisionOnBuybackOfSecurities contextRef="BuybackI">2025-05-15</in-capmkt:DateOfBoardMeetingToConsiderTheDecisionOnBuybackOfSecurities><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBuyback contextRef="BuybackD">13:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBuyback><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBuyback contextRef="BuybackD">23:00:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBuyback><in-capmkt:WhetherPriorIntimationOfBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange contextRef="BuybackI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange contextRef="BuybackI">2025-04-28</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange><in-capmkt:WhetherDecisionOnBuybackOfSecuritiesApprovedByTheBoard contextRef="BuybackD">No</in-capmkt:WhetherDecisionOnBuybackOfSecuritiesApprovedByTheBoard><in-capmkt:NotesForDecisionOnBuybackOfSecuritiesNotApprovedOrDeferredByTheBoard contextRef="BuybackI">Further to our intimation dated 28th April, 2025 and pursuant to Regulation 30 read with Schedule III of the Listing Regulations, this is to hereby inform that the Board of Directors at its Meeting held on 15th May, 2025 had looked into and analysed/deliberated with respect to the compliance of Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs bearing Office Memorandum no. F.No. 5/2/2016-Policy dated 18th November, 2024 issued by Ministry of Finance, Department of Investment and Public Asset Management and has decided not to Buy back the shares of the Company.</in-capmkt:NotesForDecisionOnBuybackOfSecuritiesNotApprovedOrDeferredByTheBoard><in-capmkt:TypesOfShares contextRef="BonussharesD">Equity</in-capmkt:TypesOfShares><in-capmkt:DateOfBoardMeetingWhereBonusRecommended contextRef="BonussharesI">2025-05-15</in-capmkt:DateOfBoardMeetingWhereBonusRecommended><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">13:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">23:00:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange contextRef="BonussharesI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange><in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesI">2025-04-28</in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherBonusRecommendedByTheBoard contextRef="BonussharesD">No</in-capmkt:WhetherBonusRecommendedByTheBoard><in-capmkt:NotesForBonusIsNotRecommendedOrDeferredByTheBoard contextRef="BonussharesI">Further to our intimation dated 28th April, 2025 and pursuant to Regulation 30 read with Schedule III of the Listing Regulations, this is to hereby inform that the Board of Directors at its Meeting held on 15th May, 2025 had looked into and analysed/deliberated with respect to the compliance of Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs bearing Office Memorandum no. F.No. 5/2/2016-Policy dated 18th November, 2024 issued by Ministry of Finance, Department of Investment and Public Asset Management and has decided not to recommend the issue of Bonus Shares.</in-capmkt:NotesForBonusIsNotRecommendedOrDeferredByTheBoard><in-capmkt:PreBuybackNumberOfSharesUnderPromoterAndPromoterGroupCategory contextRef="PreI" decimals="INF" unitRef="shares">0</in-capmkt:PreBuybackNumberOfSharesUnderPromoterAndPromoterGroupCategory><in-capmkt:PreBuybackPercentageForPromoterAndPromoterGroupCategoryOfExistingShareCapital contextRef="PreI" decimals="INF" unitRef="pure">0</in-capmkt:PreBuybackPercentageForPromoterAndPromoterGroupCategoryOfExistingShareCapital><in-capmkt:PreBuybackNumberOfSharesUnderPublicCategory contextRef="PreI" decimals="INF" unitRef="shares">171003846</in-capmkt:PreBuybackNumberOfSharesUnderPublicCategory><in-capmkt:PreBuybackPercentageForPublicCategoryOfExistingShareCapital contextRef="PreI" decimals="INF" unitRef="pure">1</in-capmkt:PreBuybackPercentageForPublicCategoryOfExistingShareCapital><in-capmkt:PreBuybackNumberOfSharesUnderOtherCategory contextRef="PreI" decimals="INF" unitRef="shares">0</in-capmkt:PreBuybackNumberOfSharesUnderOtherCategory><in-capmkt:PreBuybackPercentageForOtherCategoryOfExistingShareCapital contextRef="PreI" decimals="INF" unitRef="pure">0</in-capmkt:PreBuybackPercentageForOtherCategoryOfExistingShareCapital><in-capmkt:PreBuybackNumberOfShares contextRef="PreI" decimals="INF" unitRef="shares">171003846</in-capmkt:PreBuybackNumberOfShares><in-capmkt:PreBuybackPercentageForTotalBuybackOfExistingShareCapital contextRef="PreI" decimals="INF" unitRef="pure">1</in-capmkt:PreBuybackPercentageForTotalBuybackOfExistingShareCapital><in-capmkt:WhetherPostBuybackShareholdingPatternAvailable contextRef="PostI">false</in-capmkt:WhetherPostBuybackShareholdingPatternAvailable><in-capmkt:NotesForUnAvailabilityOfPostBuybackShareholdingDetails contextRef="PostI">Further to our intimation dated 28th April, 2025 and pursuant to Regulation 30 read with Schedule III of the Listing Regulations, this is to hereby inform that the Board of Directors at its Meeting held on 15th May, 2025 had looked into and analysed/deliberated with respect to the compliance of Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs bearing Office Memorandum no. F.No. 5/2/2016-Policy dated 18th November, 2024 issued by Ministry of Finance, Department of Investment and Public Asset Management and has decided not to Buy back the shares of the Company.</in-capmkt:NotesForUnAvailabilityOfPostBuybackShareholdingDetails></xbrli:xbrl>