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<!--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">532543</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-20</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_OthersAgreement"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">532543</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-20</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIIIAxis">in-capmkt:OthersAgreementMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">GULFPETRO</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">GP Petroleums limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">532543</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE586G01017</in-capmkt:ISIN><in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">Agreements (Sub-para 5-Para B)</in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="I_OthersAgreement">Others</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">2026-08-19</in-capmkt:DateOfBoardMeeting><in-capmkt:StartTimeOfTheMeeting contextRef="MainI">16:00:00</in-capmkt:StartTimeOfTheMeeting><in-capmkt:EndTimeOfTheMeeting contextRef="MainI">17:45:00</in-capmkt:EndTimeOfTheMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-08-20</in-capmkt:DateOfReport><in-capmkt:TypeOfOtherAgreement contextRef="MainI">Others</in-capmkt:TypeOfOtherAgreement><in-capmkt:DetailsOfOtherTypeOfAgreement contextRef="MainI">Exclusivity Agreement</in-capmkt:DetailsOfOtherTypeOfAgreement><in-capmkt:DetailsOfOtherStageOfTheAgreement contextRef="MainI">Draft Stage for execution of an Exclusivity Agreement  in relation to “Project Petroleum”</in-capmkt:DetailsOfOtherStageOfTheAgreement><in-capmkt:DateOfInitialDisclosureOfTheExecutionOfTheAgreementToTheStockExchangeForOtherStageOfTheAgreement contextRef="MainI">2026-08-19</in-capmkt:DateOfInitialDisclosureOfTheExecutionOfTheAgreementToTheStockExchangeForOtherStageOfTheAgreement><in-capmkt:BriefSummaryOfAnyOtherDisclosureForOtherStageOfTheAgreement contextRef="MainI">Proposal for execution of an Exclusivity Agreement with Incubit DMCC and its affiliates in connection with the Company’s evaluation of a potential strategic acquisition, referred to as “Project Petroleum”, involving identified entities/assets in India and Africa. The Agreement will facilitate further evaluation and negotiations in relation to the proposed transaction, which remains subject to due diligence, valuation, finalisation of terms and requisite approvals and does not, by itself, constitute a commitment to consummate the proposed acquisition.</in-capmkt:BriefSummaryOfAnyOtherDisclosureForOtherStageOfTheAgreement><in-capmkt:DetailsOfReasonAndImpactForOtherStageOfTheAgreement contextRef="MainI">To provide the company an exclusive period to undertake due diligence, evaluation and negotiations for the proposed strategic acquisition, while facilitating focused discussions without creating any obligation on GPPL to consummate the transaction.</in-capmkt:DetailsOfReasonAndImpactForOtherStageOfTheAgreement></xbrli:xbrl>
