<?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">543275</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-24</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">ANURAS</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">ANUPAM RASAYAN INDIA LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">543275</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE930P01018</in-capmkt:ISIN><in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">Giving of guarantees or indemnity (Sub-para 11-Para B)</in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:TypeOfAnnouncementAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">New</in-capmkt:TypeOfAnnouncementAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting contextRef="MainI">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting><in-capmkt:DateOfOccurrenceOfEventOrInformation contextRef="MainI">2026-09-23</in-capmkt:DateOfOccurrenceOfEventOrInformation><in-capmkt:TimeOfOccurrenceOfEventOrInformation contextRef="MainI">21:00:00</in-capmkt:TimeOfOccurrenceOfEventOrInformation><in-capmkt:DateOfReport contextRef="MainI">2026-09-24</in-capmkt:DateOfReport><in-capmkt:EventTypeOfGuaranteeOrIndemnityOrSurety contextRef="MainI">Giving guarantees</in-capmkt:EventTypeOfGuaranteeOrIndemnityOrSurety><in-capmkt:NameOfPartyForWhomGuaranteeOrIndemnityOrSuretyWasGiven contextRef="MainI">Mates Visa Consultancy Private Limited</in-capmkt:NameOfPartyForWhomGuaranteeOrIndemnityOrSuretyWasGiven><in-capmkt:WhetherThePromoterOrPromoterGroupOrGroupCompaniesHaveAnyInterestInGuaranteeOrIndemnityOrSuretyTransaction contextRef="MainI">true</in-capmkt:WhetherThePromoterOrPromoterGroupOrGroupCompaniesHaveAnyInterestInGuaranteeOrIndemnityOrSuretyTransaction><in-capmkt:NatureOfInterestAndDetailsThereofInGuaranteeOrIndemnityOrSuretyTransaction contextRef="MainI">Mates Visa Consultancy Private Limited is a wholly owned subsidiary of the Company</in-capmkt:NatureOfInterestAndDetailsThereofInGuaranteeOrIndemnityOrSuretyTransaction><in-capmkt:WhetherTheGuaranteeOrIndemnityOrSuretyIsDoneAtArmsLength contextRef="MainI">true</in-capmkt:WhetherTheGuaranteeOrIndemnityOrSuretyIsDoneAtArmsLength><in-capmkt:BriefDetailsOfGuaranteeOrIndemnityOrSurety contextRef="MainI">The Company is guaranteeing the obligations of Mates Visa Consultancy Private Limited (MVCPL), in favour of the MVCPL Debenture Trustee, in respect of the MVCPL Debentures (up to 30,000 non-convertible debentures of face value INR 1,00,000 each, aggregating up to INR 300 crores) issued pursuant to the debenture trust deed in connection with the MVCPL Debentures. The corporate guarantee is valid till MVCPL Debentures are outstanding. Up to INR 300 crore (Indian Rupees Three Hundred Crore Only), being the aggregate face value of the MVCPL Debentures, plus such further amounts as may be payable by MVCPL under the MVCPL Debenture Trust Deed.</in-capmkt:BriefDetailsOfGuaranteeOrIndemnityOrSurety><in-capmkt:SignificantTermsAndConditionsOfGuaranteeOrIndemnityOrSurety contextRef="MainI">The Company is guaranteeing the obligations of Mates Visa Consultancy Private Limited (MVCPL), in favour of the MVCPL Debenture Trustee, in respect of the MVCPL Debentures (up to 30,000 non-convertible debentures of face value INR 1,00,000 each, aggregating up to INR 300 crores) issued pursuant to the debenture trust deed in connection with the MVCPL Debentures. The corporate guarantee is valid till MVCPL Debentures are outstanding. Up to INR 300 crore (Indian Rupees Three Hundred Crore Only), being the aggregate face value of the MVCPL Debentures, plus such further amounts as may be payable by MVCPL under the MVCPL Debenture Trust Deed.</in-capmkt:SignificantTermsAndConditionsOfGuaranteeOrIndemnityOrSurety><in-capmkt:AmountOfGuaranteeOrIndemnityOrSurety contextRef="MainI" unitRef="INR" decimals="0">3000000000</in-capmkt:AmountOfGuaranteeOrIndemnityOrSurety><in-capmkt:ImpactOfGuaranteeOrIndemnityOrSuretyOnListedEntity contextRef="MainI">The corporate guarantee provided is a contingent liability for the Company. Only upon invocation of the corporate guarantee, the Company would be required to discharge the guaranteed obligations of Mates Visa Consultancy Private Limited (MVCPL) in respect of the MVCPL Debentures. Maximum potential exposure up to INR 300 crore (plus applicable interest, costs and expenses as per the terms of the guarantee). At this point, there is no impact of this guarantee on the Company.</in-capmkt:ImpactOfGuaranteeOrIndemnityOrSuretyOnListedEntity></xbrli:xbrl>
