<?xml version="1.0" encoding="UTF-8"?>
<!--REG30 V1.0 (16-10-2025)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-08-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" 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.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2025-08-31.xsd"/><xbrli:context id="OneI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">GLOBAL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-04</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">GLOBAL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-04</xbrli:startDate><xbrli:endDate>2026-09-04</xbrli:endDate></xbrli:period></xbrli:context><in-capmkt:ScripCode contextRef="OneI">000000</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">GLOBAL EDUCATION LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">GLOBAL</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE291W01037</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">Update</in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting contextRef="OneD">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfOccurrenceOfEvent contextRef="OneI">2026-09-04</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="OneD">14:00:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:DateOfInitialAnnouncement contextRef="OneI">2026-08-21</in-capmkt:DateOfInitialAnnouncement><in-capmkt:DateOfLatestAnnouncement contextRef="OneI">2026-08-21</in-capmkt:DateOfLatestAnnouncement><in-capmkt:DateOfReport contextRef="OneI">2026-09-04</in-capmkt:DateOfReport><in-capmkt:RemarksForWebsiteDissemination contextRef="OneI">The Company had vide its disclosure dated August 21, 2026 informed the Stock Exchange regarding the order of the Hon’ble National Company Law Tribunal, Mumbai Bench, pronounced on August 18, 2026, sanctioning the Scheme of Demerger between Yola Stays Limited (“YSL” / “Demerged Company”) and Rishiraj Infravision Private Limited (“RIPL” / “Resulting Company”) and their respective shareholders.</in-capmkt:RemarksForWebsiteDissemination><in-capmkt:UpdateForTheEvent contextRef="OneD">De-merger</in-capmkt:UpdateForTheEvent><in-capmkt:BriefDetailsOfInitialAnnouncement contextRef="OneI">The Company had vide its disclosure dated August 21, 2026 informed the Stock Exchange regarding the order of the Hon’ble National Company Law Tribunal, Mumbai Bench, pronounced on August 18, 2026, sanctioning the Scheme of Demerger between Yola Stays Limited (“YSL” / “Demerged Company”) and Rishiraj Infravision Private Limited (“RIPL” / “Resulting Company”) and their respective shareholders.</in-capmkt:BriefDetailsOfInitialAnnouncement><in-capmkt:ReasonForUpdate contextRef="OneD">Others</in-capmkt:ReasonForUpdate><in-capmkt:OtherUpdates contextRef="OneI">Pursuant to the NCLT-sanctioned Scheme of Demerger, Rishiraj Infravision Private Limited has on September 4, 2026 allotted 24,00,000 fully paid-up equity shares of face value ₹1/- each to Global Education Limited in accordance with the share entitlement ratio prescribed under the Scheme.</in-capmkt:OtherUpdates><in-capmkt:AnyOtherBriefSignificantInformationForAnnouncementUpdate contextRef="OneI">Prior to the aforesaid allotment, Global Education Limited held 28,230 equity shares of RIPL. Consequent to the allotment, the Company holds 24,28,230 equity shares of RIPL, representing approximately 28.24% of the post-allotment equity share capital of RIPL. The allotment has been made for consideration other than cash pursuant to the Scheme. The Company's economic interest and significant influence in RIPL remain substantially unchanged. The NCLT order records that the allotment to Global is proportionate on a 1:1 basis and does not result in dilution/reduction/change in its economic interest, shareholding percentage, control or significant influence.</in-capmkt:AnyOtherBriefSignificantInformationForAnnouncementUpdate><in-capmkt:RemarksForWebsiteDisseminationForAnnouncementUpdate contextRef="OneI">Update regarding allotment of equity shares by Rishiraj Infravision Private Limited pursuant to the Scheme of Demerger.</in-capmkt:RemarksForWebsiteDisseminationForAnnouncementUpdate></xbrli:xbrl>
