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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">502137</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-12</xbrli:startDate><xbrli:endDate>2026-08-12</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">502137</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-12</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="DividendD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">502137</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-08-12</xbrli:startDate><xbrli:endDate>2026-08-12</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="DividendI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">502137</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-12</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">DECCANCE</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">DECCAN CEMENTS LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Dividend</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:RemarksForWebsiteDissemination contextRef="MainI">The Board of Directors in the Board Meeting held on 29th May 2026 had recommended Final Dividend of Re.0.50, Rupee Fifty Paisa only, 10 percent, per Equity Share of the Company for FY 2025-26, subject to the declaration by the Shareholders in the ensuing Annual General Meeting. The Board of Directos in the Board Meeting held on Today, 12th August 2026, have fixed 22nd September 2026, Tuesday, as the Record Date for the payment of Final Dividend FY 2025-26, subject to declaration of by the Shareholder in the ensuing Annual General Meeting of the Company to be held on 29th September 2026, Tuesday. The Final Dividend will be paid to the Shareholders on 15th October 2026, Thursday, subject to the declartion by the Shareholders in the ensuing Annual General Meeting of the Company.</in-capmkt:RemarksForWebsiteDissemination><in-capmkt:DateOfReport contextRef="MainI">2026-08-12</in-capmkt:DateOfReport><in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange contextRef="DividendI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-08-04</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-08-12</in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">12:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">13:50:00</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">10</in-capmkt:RateOfFinalDividendRecommendedPerEquityShare><in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend contextRef="DividendI">true</in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend><in-capmkt:RecordDateOrBookClosureDateForFinalDividend contextRef="DividendD">Record Date</in-capmkt:RecordDateOrBookClosureDateForFinalDividend><in-capmkt:RecordDateOfFinalDividend contextRef="DividendI">2026-09-22</in-capmkt:RecordDateOfFinalDividend><in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend contextRef="DividendI">true</in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend><in-capmkt:DateOfGeneralMeetingForFinalDividend contextRef="DividendI">2026-09-29</in-capmkt:DateOfGeneralMeetingForFinalDividend><in-capmkt:ProposedDateWithinWhichPaymentOfFinalDividendShallBeMadeByTheCompanyForWhichGeneralMeetingDateHasBeenFixed contextRef="DividendI">2026-10-15</in-capmkt:ProposedDateWithinWhichPaymentOfFinalDividendShallBeMadeByTheCompanyForWhichGeneralMeetingDateHasBeenFixed><in-capmkt:PeriodForWhichFinalDividendIsDeclared contextRef="DividendI">FINANCIAL YEAR 2025-26</in-capmkt:PeriodForWhichFinalDividendIsDeclared><in-capmkt:RemarksForWebsiteDisseminationForDividendEvent contextRef="DividendI">The Board of Directors in the Board Meeting held on 29th May 2026 had recommended Final Dividend of Re.0.50, Rupee Fifty Paisa only, 10 percent, per Equity Share of the Company for FY 2025-26, subject to the declaration by the Shareholders in the ensuing Annual General Meeting. The Board of Directos in the Board Meeting held on Today, 12th August 2026, have fixed 22nd September 2026, Tuesday, as the Record Date for the payment of Final Dividend FY 2025-26, subject to declaration of by the Shareholder in the ensuing Annual General Meeting of the Company to be held on 29th September 2026, Tuesday. The Final Dividend will be paid to the Shareholders on 15th October 2026, Thursday, subject to the declartion by the Shareholders in the ensuing Annual General Meeting of the Company.</in-capmkt:RemarksForWebsiteDisseminationForDividendEvent></xbrli:xbrl>
