<?xml version="1.0" encoding="UTF-8"?>
<!--REG30PARAB V1.0 (01-06-2026)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-04-30/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Regulation_30_Para_B_Of_Part_A_Of_Schedule_III/2026-04-30/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="http://www.sebi.gov.in/xbrl/2026-04-30/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-2026-04-30.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">500165</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-03</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_CapacityAddition"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">500165</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-03</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIIIAxis">in-capmkt:CapacityAdditionMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">KANSAINER</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">Kansai Nerolac Paints Limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">500165</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE531A01024</in-capmkt:ISIN><in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">Capacity addition/Product launch (Sub-para 3-Para B)</in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="I_CapacityAddition">Capacity addition</in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:TypeOfAnnouncementAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">New</in-capmkt:TypeOfAnnouncementAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting contextRef="MainI">true</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting><in-capmkt:DateOfBoardMeeting contextRef="MainI">2026-08-03</in-capmkt:DateOfBoardMeeting><in-capmkt:StartTimeOfTheMeeting contextRef="MainI">12:20:00</in-capmkt:StartTimeOfTheMeeting><in-capmkt:EndTimeOfTheMeeting contextRef="MainI">15:45:00</in-capmkt:EndTimeOfTheMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-08-03</in-capmkt:DateOfReport><in-capmkt:ExistingCapacityOfProjectOrPlant contextRef="MainI">1. Sayakha Plant (Auto Paints, ARF and Thinner) - 1,973 KL/month
2. Bawal Plant (Auto Paints and Thinner) - 3,926 KL/month
3. Hosur Plant (Auto Paints and Thinner) - 2,237 KL/month
4. Sayakha Plant (Powder Coating) - Nil
5. Sayakha Plant (Industrial Alkyd, Polyester and Acrylic) - 852 MT/month</in-capmkt:ExistingCapacityOfProjectOrPlant><in-capmkt:ExistingCapacityUtilizationByProjectOrPlant contextRef="MainI">1. Sayakha Plant (Auto Paints, ARF and Thinner) - 87%
2. Bawal Plant (Auto Paints and Thinner) - 95%
3. Hosur Plant (Auto Paints and Thinner) - 76%
4. Sayakha Plant (Powder Coating) - NA
5. Sayakha Plant (Industrial Alkyd, Polyester and Acrylic) - 79%</in-capmkt:ExistingCapacityUtilizationByProjectOrPlant><in-capmkt:ProposedCapacityAdditionInProjectOrPlant contextRef="MainI">1. Sayakha Plant (Auto Paints, ARF and Thinner) - 1,750 KL/month
2. Bawal Plant (Auto Paints and Thinner) - 1,625 KL/month
3. Hosur Plant (Auto Paints and Thinner) - 900 KL/month
4. Sayakha Plant (Powder Coating) - 1,215 MT/month
5. Sayakha Plant (Industrial Alkyd, Polyester and Acrylic) - 815 MT/month</in-capmkt:ProposedCapacityAdditionInProjectOrPlant><in-capmkt:PeriodWithinWhichCapacityIsToBeAdded contextRef="MainI">Capacity additions in phased manner by the end of FY 2028-29.</in-capmkt:PeriodWithinWhichCapacityIsToBeAdded><in-capmkt:InvestmentRequiredForProposedCapacityAddition contextRef="MainI" unitRef="INR" decimals="0">6010000000</in-capmkt:InvestmentRequiredForProposedCapacityAddition><in-capmkt:ModeOfFinancingForCapacityAddition contextRef="MainI">Internal Accruals</in-capmkt:ModeOfFinancingForCapacityAddition><in-capmkt:RationaleForCapacityAddition contextRef="MainI">1. Sayakha Plant (Auto Paints, ARF and Thinner) - In view of the estimated growth in automotive paint industry, capacity additions are being carried out.
2. Bawal Plant (Auto Paints and Thinner) - In view of the estimated growth in automotive paint industry, capacity additions are being carried out.
3. Hosur Plant (Auto Paints and Thinner) - In view of the estimated growth in automotive paint industry, capacity additions are being carried out.
4. Sayakha Plant (Powder Coating) - To meet the demand in market for powder coating, capacity addition is being carried out.
5. Sayakha Plant (Industrial Alkyd, Polyester and Acrylic) - To support the increased demand in auto paint and as a part of backward integration, capacity addition is being carried out.</in-capmkt:RationaleForCapacityAddition></xbrli:xbrl>