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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">500295</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-11-04</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_VestingOfOptions"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">500295</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-11-04</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:StageOfOptionsToPurchaseSecuritiesAsPerSubPara10OfParaBAxis">in-capmkt:VestingOfOptionsMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">VEDL</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">VEDANTA LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">500295</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE205A01025</in-capmkt:ISIN><in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">Options to purchase securities ESOPS (Sub-para 10-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">2026-11-04</in-capmkt:DateOfOccurrenceOfEventOrInformation><in-capmkt:TimeOfOccurrenceOfEventOrInformation contextRef="MainI">16:42:00</in-capmkt:TimeOfOccurrenceOfEventOrInformation><in-capmkt:DateOfReport contextRef="MainI">2026-11-04</in-capmkt:DateOfReport><in-capmkt:StageOfDisclosureOfOptionsToPurchaseSecurities contextRef="I_VestingOfOptions">Vesting of options</in-capmkt:StageOfDisclosureOfOptionsToPurchaseSecurities><in-capmkt:BriefDetailsOfOptionsGranted contextRef="I_VestingOfOptions">The present instance is vesting of options granted in 2023, on completion of the performance period and subject to achievement of performance conditions.</in-capmkt:BriefDetailsOfOptionsGranted><in-capmkt:WhetherTheSchemeIsInTermsOfSEBISBEBRegulations2021 contextRef="I_VestingOfOptions">true</in-capmkt:WhetherTheSchemeIsInTermsOfSEBISBEBRegulations2021><in-capmkt:DetailsOfSharesCoveredByOptions contextRef="I_VestingOfOptions">Options Granted - 1,84,14,252   
Total Options Vested - 55,16,340  (comprising 23,53,762 options for VEDL and 31,62,578 options for the Resulting Companies)</in-capmkt:DetailsOfSharesCoveredByOptions><in-capmkt:PricingFormulaForOptions contextRef="I_VestingOfOptions">At par value</in-capmkt:PricingFormulaForOptions><in-capmkt:DetailsOfOptionsVested contextRef="I_VestingOfOptions">Refer S. No. 11 above</in-capmkt:DetailsOfOptionsVested><in-capmkt:DetailsOfTimeWithinWhichOptionMayBeExercised contextRef="I_VestingOfOptions">8 months or such other time period as may be approved by Nomination &amp; Remuneration Committee of the Company.</in-capmkt:DetailsOfTimeWithinWhichOptionMayBeExercised><in-capmkt:DetailsOfOptionsExercised contextRef="I_VestingOfOptions">The exact options exercised will be determined post the exercise period is closed.</in-capmkt:DetailsOfOptionsExercised><in-capmkt:DetailsOfMoneyRealizedByExerciseOfOptions contextRef="I_VestingOfOptions">The money realized by exercise of options will be determined post the exercise period is closed.</in-capmkt:DetailsOfMoneyRealizedByExerciseOfOptions><in-capmkt:DetailsOfSharesArisingFromExerciseOfOptions contextRef="I_VestingOfOptions">The total number of shares arising as a result of exercise of option will be determined post the exercise period is closed.</in-capmkt:DetailsOfSharesArisingFromExerciseOfOptions><in-capmkt:DetailsOfOptionsLapsed contextRef="I_VestingOfOptions">The options lapsed will be determined post the exercise period is closed.</in-capmkt:DetailsOfOptionsLapsed><in-capmkt:VariationInTermsOfOptions contextRef="I_VestingOfOptions">NA</in-capmkt:VariationInTermsOfOptions><in-capmkt:BriefDetailsOfSignificantTermsOfOptions contextRef="I_VestingOfOptions">Options are vested based on a combination of business and individual performance over a sustained period as per the plan approved by the Nomination &amp; Remuneration Committee</in-capmkt:BriefDetailsOfSignificantTermsOfOptions><in-capmkt:DilutedEarningsPerSharePursuantToIssueOfEquitySharesOnExerciseOfOptions contextRef="I_VestingOfOptions">NA</in-capmkt:DilutedEarningsPerSharePursuantToIssueOfEquitySharesOnExerciseOfOptions><in-capmkt:RemarksForWebsiteDisseminationForOptionsToPurchaseSecuritiesUnderSEBISBEBSchemeAsPerSubPara10OfParaB contextRef="MainI">Note for S. No. 11 &lt;br /&gt; 
Pursuant to the approved Scheme of Demerger, Vedanta Aluminium Metal Limited, Vedanta Power Limited (Erstwhile Talwandi Sabo Power Limited), Vedanta Oil and Gas Limited (Erstwhile Malco Energy Limited) and Vedanta Iron and Steel Limited (collectively “Resulting Companies”), adopted ESOS Special Purpose Demerger Schemes to provide continuity of benefits in respect of the current outstanding grants under ESOS 2016 held by the eligible employees of Vedanta Limited (VEDL) and the Resulting Companies. Accordingly, such eligible employees will be entitled to receive equity shares of VEDL as well as the respective Resulting Companies. &lt;br /&gt; 
 &lt;br /&gt; 
Options Granted i.e. 1,84,14,252 represents the total no. of options granted by VEDL under 2023 Grant Plan. &lt;br /&gt; 
 &lt;br /&gt; 
Total Options Vested i.e. 55,16,340 represents the total number of options vested under ESOS 2016 for employees of VEDL and the Resulting Companies. Accordingly, the eligible employees will be entitled to receive equity shares of VEDL as well as the respective Resulting Companies. &lt;br /&gt; 
 &lt;br /&gt; 
Options Vested for VEDL i.e. 23,53,762 represents the options vested for VEDL Employees. Upon exercise of outstanding options under VEDL’s pre-demerger schemes, eligible employees of VEDL will get equity shares of VEDL as well as the corresponding entitlement to shares of the Resulting Companies. &lt;br /&gt; 
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