<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2022-12-31/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2022-12-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2022-12-31/in-capmkt-roles" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2022-12-31.xsd" xlink:type="simple"/><xbrli:context id="OneI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">522287</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-09-01</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">522287</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-09-01</xbrli:startDate><xbrli:endDate>2025-09-01</xbrli:endDate></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NameOfTheCompany contextRef="OneI">KALPATARU PROJECTS INTERNATIONAL LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">KPIL</in-capmkt:NSESymbol><in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">Update</in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:DateOfEventOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneI">2025-09-01</in-capmkt:DateOfEventOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:DateOfInitialAnnouncement contextRef="OneI">2025-08-05</in-capmkt:DateOfInitialAnnouncement><in-capmkt:DateOfLatestAnnouncement contextRef="OneI">2025-09-01</in-capmkt:DateOfLatestAnnouncement><in-capmkt:DateOfReport contextRef="OneI">2025-09-01</in-capmkt:DateOfReport><in-capmkt:BriefDetailsOfInitialAnnouncement contextRef="OneI">Please refer our earlier submission dated 05th August, 2025 intimating strategic proposal to incentivize the employee(s) and director(s) of Linjemontage I Grastorp AB (“LMG”), wholly owned step down subsidiary. Kalpataru Power Transmission Sweden AB (“KPTS”), wholly owned subsidiary of the Company, had entered into definitive agreement(s) (subject to necessary approvals regarding split of shares) to sell 6,900 equity shares,  each with a quota value of SEK 1 (post-split) of LMG  representing 3.45% of the equity share capital of LMG by way of share sale to the identified employee(s) and director(s) of LMG. Vide such intimation the Company had further informed that the number of shares agreed to be sold has been on a post-split basis and hence, the effectiveness of sale is contingent upon the registration of share split by Swedish Companies Registration office ("SCRO") and is expected to be completed by 31st August, 2025. 
Thereafter, the Company vide its intimation dated 29th August,2025 further updated that pending receipt of such approval from SCRO, it is now expected to receive the same on or before 30th September, 2025.</in-capmkt:BriefDetailsOfInitialAnnouncement><in-capmkt:ReasonForUpdate contextRef="OneD">Transaction Completed</in-capmkt:ReasonForUpdate><in-capmkt:TransactionCompleted contextRef="OneI">In accordance with Regulation 30 and other applicable provisions of LODR Regulations, as amended
from time to time and in furtherance to our intimation dated 16th May, 2025, 05th August, 2025 and 29th
August, 2025, regarding
the sale of equity shares of Linjemontage i Grästorp AB (“LMG”) to identified employee(s) and
director(s) and an employee stock option scheme, the effectiveness of the sale/scheme was contingent
upon registration of the share split by the Swedish Companies Registration Office (“SCRO”). This is to
further update that SCRO has registered the share split today and accordingly, the sale/scheme has
become effective today.</in-capmkt:TransactionCompleted><in-capmkt:AmountOfTransactionCompleted contextRef="OneD" decimals="0" unitRef="INR">0</in-capmkt:AmountOfTransactionCompleted><in-capmkt:DateOfTransactionCompleted contextRef="OneI">2025-09-01</in-capmkt:DateOfTransactionCompleted><in-capmkt:PercentageOfTransactionCompleted contextRef="OneI" decimals="INF" unitRef="pure">1</in-capmkt:PercentageOfTransactionCompleted><in-capmkt:RemarksForWebsiteDisseminationForAnnouncementUpdate contextRef="OneI">The amount mentioned under the heading Amount of transaction completed has been mentioned in SEK.</in-capmkt:RemarksForWebsiteDisseminationForAnnouncementUpdate></xbrli:xbrl>