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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">532341</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-14</xbrli:startDate><xbrli:endDate>2026-08-14</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532341</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-14</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="VoluntaryD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532341</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-14</xbrli:startDate><xbrli:endDate>2026-08-14</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="VoluntaryI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532341</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-14</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">IZMO</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">IZMO LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Voluntary Delisting</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-08-14</in-capmkt:DateOfReport><in-capmkt:DateOfBoardMeetingForVoluntaryDelisting contextRef="VoluntaryI">2026-08-14</in-capmkt:DateOfBoardMeetingForVoluntaryDelisting><in-capmkt:StartTimeOfBoardMeetingForVoluntaryDelisting contextRef="VoluntaryD">14:00:00</in-capmkt:StartTimeOfBoardMeetingForVoluntaryDelisting><in-capmkt:EndTimeOfBoardMeetingForVoluntaryDelisting contextRef="VoluntaryD">15:50:00</in-capmkt:EndTimeOfBoardMeetingForVoluntaryDelisting><in-capmkt:WhetherPriorIntimationOfBoardMeetingForConsideringTheProposalForVoluntaryDelistingFiledWithExchange contextRef="VoluntaryI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForConsideringTheProposalForVoluntaryDelistingFiledWithExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingForConsideringTheProposalForVoluntaryDelistingFiledWithExchange contextRef="VoluntaryI">2026-08-10</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingForConsideringTheProposalForVoluntaryDelistingFiledWithExchange><in-capmkt:WhetherProposalForVoluntaryDelistingApprovedOrRecommendedByTheBoard contextRef="VoluntaryD">Yes</in-capmkt:WhetherProposalForVoluntaryDelistingApprovedOrRecommendedByTheBoard><in-capmkt:TypeOfVoluntaryDelisting contextRef="VoluntaryD">Delisting (some stock exchanges)</in-capmkt:TypeOfVoluntaryDelisting><in-capmkt:NameOfTheStockExchangeFromWhichTheCompanyDecidedToDelistItsSecurities contextRef="VoluntaryI">The Calcutta Stock Exchange Limited</in-capmkt:NameOfTheStockExchangeFromWhichTheCompanyDecidedToDelistItsSecurities><in-capmkt:ReasonForDelistingFromSomeOfTheRecognisedStockExchanges contextRef="VoluntaryI">Voluntary delisting of the Equity Shares of the Company from The Calcutta Stock Exchange Limited ("CSE") noting that the Equity Shares were duly delisted from CSE nearly two decades ago, in line with the broader industry-wide delisting of securities from Regional Stock Exchanges undertaken during that period on account of the absence of any active or meaningful trading in the Company's Equity Shares on CSE, but continue to be reflected as listed as per CSE's own records and accordingly resolved to make a fresh voluntary delisting application in respect of CSE, subject to obtaining necessary approvals from the concerned regulatory authorities and such other approvals as may be required, solely as a measure of commercial prudence and to bring closure to the matter while avoiding the cost, distraction, and uncertainty of potential litigation with CSE, it being clarified that the Equity Shares of the Company shall, in any event, continue to remain listed and traded on the nationwide stock exchanges, namely BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE").</in-capmkt:ReasonForDelistingFromSomeOfTheRecognisedStockExchanges></xbrli:xbrl>
