<?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/ScripCode">543591</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-11-02</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">543591</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-11-02</xbrli:startDate><xbrli:endDate>2026-11-02</xbrli:endDate></xbrli:period></xbrli:context><in-capmkt:ScripCode contextRef="OneI">543591</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">Dreamfolks Services Limited</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">DREAMFOLKS</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE0JS101016</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">2026-11-02</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="OneD">19:50:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:DateOfInitialAnnouncement contextRef="OneI">2025-12-01</in-capmkt:DateOfInitialAnnouncement><in-capmkt:DateOfLatestAnnouncement contextRef="OneI">2026-05-12</in-capmkt:DateOfLatestAnnouncement><in-capmkt:DateOfReport contextRef="OneI">2026-11-02</in-capmkt:DateOfReport><in-capmkt:UpdateForTheEvent contextRef="OneD">Acquisition (including agreement to acquire)</in-capmkt:UpdateForTheEvent><in-capmkt:BriefDetailsOfInitialAnnouncement contextRef="OneI">Board of Directors of Dreamfolks Services Limited at its meeting held on December 01, 2025, approved the total investment of INR 36 crore (approx.) / USD 4 Million, through a combination of secondary purchase of shares and primary subscription to freshly issued shares, which would result in acquisition of 60.24% of stake (in aggregate) in the ETT Solutions DMCC.</in-capmkt:BriefDetailsOfInitialAnnouncement><in-capmkt:ReasonForUpdate contextRef="OneD">Transaction Delayed</in-capmkt:ReasonForUpdate><in-capmkt:TransactionDelayed contextRef="OneI">This is in continuation to the disclosures dated December 01, 2025, April 23, 2026 and May 12, 2026 made by the Company in relation to the  acquisition of ETT Solutions DMCC through a combination of secondary purchase of shares and primary subscription to freshly issued shares.

As previously informed, the first phase of the transaction, pertaining to the secondary acquisition of shares had been completed and duly registered with Dubai Multi Commodities Centre Authority. Consequent thereto, the shareholding of the Company in ETT presently stands at 34%.

The subsequent phase relating to primary subscription to freshly issued shares is presently under process and is expected to be completed upon conclusion of the remaining procedural and regulatory formalities. In this regard, the Company hereby further informs that the completion of the aforesaid transaction is expected to extend by an additional period of 180 business days beyond the previously extended timeline.

The Company continues to pursue the completion of the aforesaid transaction and will keep the Stock Exchanges duly informed of any further material developments in accordance with the applicable regulatory requirements.</in-capmkt:TransactionDelayed><in-capmkt:InitialDateOfCompletion contextRef="OneI">2026-05-15</in-capmkt:InitialDateOfCompletion><in-capmkt:RevisedDate contextRef="OneI">2027-07-15</in-capmkt:RevisedDate><in-capmkt:ReasonForDelay contextRef="OneI">The subsequent phase relating to primary subscription to freshly issued shares is presently under process and is expected to be completed upon conclusion of the remaining procedural and regulatory formalities.</in-capmkt:ReasonForDelay></xbrli:xbrl>
