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<!--OBM V1.0 (01-01-2026)-->
<xbrli:xbrl 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:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.w3.org/1999/xlink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2024-05-31.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543960</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-23</xbrli:startDate><xbrli:endDate>2026-09-23</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543960</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-23</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="BonussharesD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543960</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-23</xbrli:startDate><xbrli:endDate>2026-09-23</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="BonussharesI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543960</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-23</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">CONCORDBIO</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">CONCORD BIOTECH LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Bonus Shares</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-09-23</in-capmkt:DateOfReport><in-capmkt:TypesOfShares contextRef="BonussharesD">Equity</in-capmkt:TypesOfShares><in-capmkt:DateOfBoardMeetingWhereBonusRecommended contextRef="BonussharesI">2026-09-23</in-capmkt:DateOfBoardMeetingWhereBonusRecommended><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">15:30:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">16:05:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange contextRef="BonussharesI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange><in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesI">2026-09-19</in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherBonusRecommendedByTheBoard contextRef="BonussharesD">Yes</in-capmkt:WhetherBonusRecommendedByTheBoard><in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBonus contextRef="BonussharesI">false</in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBonus><in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBonus contextRef="BonussharesI">false</in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBonus><in-capmkt:WhetherDateOfAGMOrEGMOrPostalBallotIsFixedByTheCompanyForBonus contextRef="BonussharesI">true</in-capmkt:WhetherDateOfAGMOrEGMOrPostalBallotIsFixedByTheCompanyForBonus><in-capmkt:DateOfAGMOrEGMOrPostalBallotForBonus contextRef="BonussharesI">2026-10-24</in-capmkt:DateOfAGMOrEGMOrPostalBallotForBonus><in-capmkt:WhetherBonusIsOutOfFreeReservesCreatedOutOfProfitsOrSharePremiumAccount contextRef="BonussharesD">Securities Premium</in-capmkt:WhetherBonusIsOutOfFreeReservesCreatedOutOfProfitsOrSharePremiumAccount><in-capmkt:BonusRatio contextRef="BonussharesI">1:1</in-capmkt:BonusRatio><in-capmkt:FreeReservesAndOrSharePremiumRequiredForImplementingTheBonusIssue contextRef="BonussharesI">Share premium of Rs. 10,46,16,204/-</in-capmkt:FreeReservesAndOrSharePremiumRequiredForImplementingTheBonusIssue><in-capmkt:FreeReservesAndOrSharePremiumRequiredForCapitalizationAndTheDateAsOnWhichSuchBalanceIsAvailable contextRef="BonussharesI">Share premium of Rs. 81,97,08,024/- as on March 31, 2026</in-capmkt:FreeReservesAndOrSharePremiumRequiredForCapitalizationAndTheDateAsOnWhichSuchBalanceIsAvailable><in-capmkt:WhetherTheAforesaidFiguresAreAudited contextRef="BonussharesI">true</in-capmkt:WhetherTheAforesaidFiguresAreAudited><in-capmkt:EstimatedDateByWhichSuchBonusSharesWouldBeCreditedOrDispatched contextRef="BonussharesI">2026-11-22</in-capmkt:EstimatedDateByWhichSuchBonusSharesWouldBeCreditedOrDispatched><in-capmkt:PaidUpShareCapitalBeforeAllotment contextRef="BonussharesI" unitRef="INR" decimals="0">104616204</in-capmkt:PaidUpShareCapitalBeforeAllotment><in-capmkt:NumberOfPaidUpShareBeforeAllotment contextRef="BonussharesI" unitRef="shares" decimals="INF">104616204</in-capmkt:NumberOfPaidUpShareBeforeAllotment><in-capmkt:ParValueBeforeAllotment contextRef="BonussharesD" unitRef="INRPerShare" decimals="INF">1</in-capmkt:ParValueBeforeAllotment><in-capmkt:PaidUpShareCapitalAfterAllotment contextRef="BonussharesI" unitRef="INR" decimals="0">209232408</in-capmkt:PaidUpShareCapitalAfterAllotment><in-capmkt:NumberOfPaidUpShareAfterAllotment contextRef="BonussharesI" unitRef="shares" decimals="INF">209232408</in-capmkt:NumberOfPaidUpShareAfterAllotment><in-capmkt:ParValueAfterAllotment contextRef="BonussharesD" unitRef="INRPerShare" decimals="INF">1</in-capmkt:ParValueAfterAllotment><in-capmkt:RemarksForWebsiteDisseminationForBonus contextRef="BonussharesI">The tentative end date for the Postal Ballot is specified in the XBRL document i.e. October 24, 2026. This date is subject to change in the event of any delay in the dispatch of notices to shareholders.</in-capmkt:RemarksForWebsiteDisseminationForBonus></xbrli:xbrl>
