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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">500620</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-27</xbrli:startDate><xbrli:endDate>2026-08-27</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500620</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-27</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="BuybackD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500620</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-27</xbrli:startDate><xbrli:endDate>2026-08-27</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="BuybackI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500620</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-27</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="PreI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500620</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-27</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="PostI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">500620</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-27</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</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">GESHIP</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">The Great Eastern Shipping Company Limited</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Buy-back</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-08-27</in-capmkt:DateOfReport><in-capmkt:TypeOfSecuritiesOfBuyback contextRef="BuybackD">Equity</in-capmkt:TypeOfSecuritiesOfBuyback><in-capmkt:DateOfBoardMeetingToConsiderTheDecisionOnBuybackOfSecurities contextRef="BuybackI">2026-08-27</in-capmkt:DateOfBoardMeetingToConsiderTheDecisionOnBuybackOfSecurities><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBuyback contextRef="BuybackD">15:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBuyback><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBuyback contextRef="BuybackD">16:10:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBuyback><in-capmkt:WhetherPriorIntimationOfBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange contextRef="BuybackI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange contextRef="BuybackI">2026-08-24</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingForConsideringBuybackOfSecuritiesFiledWithTheExchange><in-capmkt:WhetherDecisionOnBuybackOfSecuritiesApprovedByTheBoard contextRef="BuybackD">Yes</in-capmkt:WhetherDecisionOnBuybackOfSecuritiesApprovedByTheBoard><in-capmkt:WhetherBuybackIsLessThanOrEqualToTenPercentOfTheTotalPaidUpEquityCapitalAndFreeReservesOfTheCompany contextRef="BuybackI">true</in-capmkt:WhetherBuybackIsLessThanOrEqualToTenPercentOfTheTotalPaidUpEquityCapitalAndFreeReservesOfTheCompany><in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBuyback contextRef="BuybackI">false</in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBuyback><in-capmkt:WhetherTheModeOrQuantumOrPricingOrTimingAndOtherDetailsOfBuybackDecidedByTheBoard contextRef="BuybackI">true</in-capmkt:WhetherTheModeOrQuantumOrPricingOrTimingAndOtherDetailsOfBuybackDecidedByTheBoard><in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBuyback contextRef="BuybackI">false</in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBuyback><in-capmkt:MethodsOfBuyback contextRef="BuybackD">Open Market</in-capmkt:MethodsOfBuyback><in-capmkt:MaximumBuybackSizeApprovedByBoardOfDirectors contextRef="BuybackI" unitRef="INR" decimals="0">9000000000</in-capmkt:MaximumBuybackSizeApprovedByBoardOfDirectors><in-capmkt:NumberOfSecuritiesProposedForBuyback contextRef="BuybackI" unitRef="shares" decimals="INF">5882352</in-capmkt:NumberOfSecuritiesProposedForBuyback><in-capmkt:NumberOfSecuritiesProposedForBuybackAsAPercentageOfExistingPaidUpCapital contextRef="BuybackI" unitRef="shares" decimals="INF">4</in-capmkt:NumberOfSecuritiesProposedForBuybackAsAPercentageOfExistingPaidUpCapital><in-capmkt:BuybackPrice contextRef="BuybackD" unitRef="INRPerShare" decimals="INF">1530</in-capmkt:BuybackPrice><in-capmkt:NumberOfActualSecuritiesInOfExistingPaidUpCapitalBoughtBack contextRef="BuybackI" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfActualSecuritiesInOfExistingPaidUpCapitalBoughtBack><in-capmkt:PercentageOfActualSecuritiesOfExistingPaidUpCapitalBoughtBack contextRef="BuybackI" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfActualSecuritiesOfExistingPaidUpCapitalBoughtBack><in-capmkt:ConfirmThatTheBuybackUndertakenIsNotWithinAPeriodOfOneYearFromTheDateOfExpiryOfBuybackPeriodOfThePrecedingOfferOfBuyback contextRef="BuybackD">Yes</in-capmkt:ConfirmThatTheBuybackUndertakenIsNotWithinAPeriodOfOneYearFromTheDateOfExpiryOfBuybackPeriodOfThePrecedingOfferOfBuyback><in-capmkt:ConfirmThatNumberOfSharesOrOtherSpecifiedSecuritiesAreIssuedDuringTheBuybackPeriod contextRef="BuybackD">Yes</in-capmkt:ConfirmThatNumberOfSharesOrOtherSpecifiedSecuritiesAreIssuedDuringTheBuybackPeriod><in-capmkt:RemarksForWebsiteDisseminationForBuybackEvent contextRef="BuybackI">Please note that at the Maximum Buyback Size and the Maximum Buyback Price, the indicative maximum number of Equity Shares to be bought back under the Buyback would be 58,82,352 Equity Shares (“Maximum Buyback Shares”) (representing 4.12% of the total paid-up equity share capital of the Company as on date i.e. August 27, 2026 (date of board meeting). The actual number of securities and percentage of the existing paid-up capital bought back shall be ascertained following completion of the buyback. &lt;BR&gt; 
  &lt;BR&gt; 
Further, please note that post buyback shareholding will be dependent on the actual number of shares bought back. </in-capmkt:RemarksForWebsiteDisseminationForBuybackEvent><in-capmkt:PreBuybackNumberOfSharesUnderPromoterAndPromoterGroupCategory contextRef="PreI" unitRef="shares" decimals="INF">42936248</in-capmkt:PreBuybackNumberOfSharesUnderPromoterAndPromoterGroupCategory><in-capmkt:PreBuybackPercentageForPromoterAndPromoterGroupCategoryOfExistingShareCapital contextRef="PreI" unitRef="pure" decimals="INF">0.3007</in-capmkt:PreBuybackPercentageForPromoterAndPromoterGroupCategoryOfExistingShareCapital><in-capmkt:PreBuybackNumberOfSharesUnderPublicCategory contextRef="PreI" unitRef="shares" decimals="INF">99830913</in-capmkt:PreBuybackNumberOfSharesUnderPublicCategory><in-capmkt:PreBuybackPercentageForPublicCategoryOfExistingShareCapital contextRef="PreI" unitRef="pure" decimals="INF">0.6993</in-capmkt:PreBuybackPercentageForPublicCategoryOfExistingShareCapital><in-capmkt:PreBuybackNumberOfSharesUnderOtherCategory contextRef="PreI" unitRef="shares" decimals="INF">0</in-capmkt:PreBuybackNumberOfSharesUnderOtherCategory><in-capmkt:PreBuybackPercentageForOtherCategoryOfExistingShareCapital contextRef="PreI" unitRef="pure" decimals="INF">0</in-capmkt:PreBuybackPercentageForOtherCategoryOfExistingShareCapital><in-capmkt:PreBuybackNumberOfShares contextRef="PreI" unitRef="shares" decimals="INF">142767161</in-capmkt:PreBuybackNumberOfShares><in-capmkt:PreBuybackPercentageForTotalBuybackOfExistingShareCapital contextRef="PreI" unitRef="pure" decimals="INF">1</in-capmkt:PreBuybackPercentageForTotalBuybackOfExistingShareCapital><in-capmkt:WhetherPostBuybackShareholdingPatternAvailable contextRef="PostI">true</in-capmkt:WhetherPostBuybackShareholdingPatternAvailable><in-capmkt:PostBuybackNumberOfSharesUnderPromoterAndPromoterGroupCategory contextRef="PostI" unitRef="shares" decimals="INF">42936248</in-capmkt:PostBuybackNumberOfSharesUnderPromoterAndPromoterGroupCategory><in-capmkt:PostBuybackPercentageForPromoterAndPromoterGroupCategoryOfExistingShareCapital contextRef="PostI" unitRef="pure" decimals="INF">0.3137</in-capmkt:PostBuybackPercentageForPromoterAndPromoterGroupCategoryOfExistingShareCapital><in-capmkt:PostBuybackNumberOfSharesUnderPublicCategory contextRef="PostI" unitRef="shares" decimals="INF">93948561</in-capmkt:PostBuybackNumberOfSharesUnderPublicCategory><in-capmkt:PostBuybackPercentageForPublicCategoryOfExistingShareCapital contextRef="PostI" unitRef="pure" decimals="INF">0.6863</in-capmkt:PostBuybackPercentageForPublicCategoryOfExistingShareCapital><in-capmkt:PostBuybackNumberOfSharesUnderOtherCategory contextRef="PostI" unitRef="shares" decimals="INF">0</in-capmkt:PostBuybackNumberOfSharesUnderOtherCategory><in-capmkt:PostBuybackPercentageForOtherCategoryOfExistingShareCapital contextRef="PostI" unitRef="pure" decimals="INF">0</in-capmkt:PostBuybackPercentageForOtherCategoryOfExistingShareCapital><in-capmkt:PostBuybackNumberOfShares contextRef="PostI" unitRef="shares" decimals="INF">136884809</in-capmkt:PostBuybackNumberOfShares><in-capmkt:PostBuybackPercentageForTotalBuybackOfExistingShareCapital contextRef="PostI" unitRef="pure" decimals="INF">1</in-capmkt:PostBuybackPercentageForTotalBuybackOfExistingShareCapital></xbrli:xbrl>
