<?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">MOBIKWIK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-28</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">MOBIKWIK</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-28</xbrli:startDate><xbrli:endDate>2026-09-28</xbrli:endDate></xbrli:period></xbrli:context><in-capmkt:ScripCode contextRef="OneI">544305</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">ONE MOBIKWIK SYSTEMS LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">MOBIKWIK</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE0HLU01028</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">2026-09-28</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="OneD">17:30:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:DateOfInitialAnnouncement contextRef="OneI">2026-05-22</in-capmkt:DateOfInitialAnnouncement><in-capmkt:DateOfLatestAnnouncement contextRef="OneI">2026-08-18</in-capmkt:DateOfLatestAnnouncement><in-capmkt:DateOfReport contextRef="OneI">2026-09-28</in-capmkt:DateOfReport><in-capmkt:RemarksForWebsiteDissemination contextRef="OneI">In the XBRL filing submitted by the Company with respect to the completion of slump sale dated August 18, 2026, the value of the Undertaking was reported as Rs.97.21 crore. This figure was based on the financial statements of the LSP Business as on March 31, 2026, the latest available on the date of the said intimation, since the financial statements of the LSP Business as on the August 18, 2026 i.e closing date of slump sale were then under preparation. On finalisation of the financial statements as on August 18, 2026, the value of the Undertaking being transferred by way of slump sale is Rs.1,47,10,79,126/-. Accordingly, XBRL filing with respect to update on closure of slump sale intimation made by the Company on September 28, 2026, reflects the final value of the undertaking being transferred by way of slump sale. </in-capmkt:RemarksForWebsiteDissemination><in-capmkt:UpdateForTheEvent contextRef="OneD">Sale or disposal of unit(s)/division(s)/subsidiary</in-capmkt:UpdateForTheEvent><in-capmkt:BriefDetailsOfInitialAnnouncement contextRef="OneI">The sale and transfer of the Company's lending Services Provider Business ("LSP Business") forming part of financial services business, on slump sale basis to MobiKwik Distribution Services Private Limited (formerly known as Mobikwik Credit Private Limited) (“MDSPL”), wholly owned subsidiary of the Company, in accordance with the terms of the Business Transfer Agreement.</in-capmkt:BriefDetailsOfInitialAnnouncement><in-capmkt:ReasonForUpdate contextRef="OneD">Others</in-capmkt:ReasonForUpdate><in-capmkt:OtherUpdates contextRef="OneI">Update on allotment of Non-Convertible Debentures ( NCDs ) to the Company by MobiKwik Distribution Services Private Limited, wholly owned subsidiary of the Company</in-capmkt:OtherUpdates><in-capmkt:AnyOtherBriefSignificantInformationForAnnouncementUpdate contextRef="OneI">Pursuant to Regulation 30 of the SEBI Listing Regulations and further to the aforesaid stock exchange intimations, we wish to inform you that the consideration for the slump sale of the Company’s Lending Services Provider Business (“LSP Business”) forming part of financial services business to MobiKwik Distribution Services Private Limited (formerly known as Mobikwik Credit Private Limited) (“MDSPL”), wholly owned subsidiary of the Company, in accordance with the terms of the Business Transfer Agreement has been discharged by MDSPL on September 28, 2026, by way of allotment of 14,71,07,912 (Fourteen Crore Seventy-One Lakh Seven Thousand Nine Hundred and Twelve Only) Unrated, Unlisted, Unsecured, Redeemable, Non-Convertible Debentures (“NCDs”) of face value of ₹10/- (Rupees Ten Only) each aggregating up to ₹1,47,10,79,126/- (Rupees One Hundred and Forty-Seven Crore Ten Lakh Seventy-Nine Thousand One Hundred and Twenty Six Only) to the Company based on the book value of assets and liabilities of the LSP Business of the Company determined as on the appointed date i.e., August 18, 2026.</in-capmkt:AnyOtherBriefSignificantInformationForAnnouncementUpdate></xbrli:xbrl>
