<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-bse-voting="http://www.bseindia.com/xbrl/voting/2016-01-12/in-bse-voting" xmlns:in-bse-voting-roles="http://www.bseindia.com/xbrl/voting/2016-01-12/in-bse-voting-roles" xmlns:in-bse-voting-type="http://www.bseindia.com/xbrl/voting/2016-01-12/in-bse-voting-types" 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-bse-voting-2016-01-12.xsd" xlink:type="simple"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-11-11</xbrli:startDate><xbrli:endDate>2026-02-10</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="Resolution1D"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-11-11</xbrli:startDate><xbrli:endDate>2026-02-10</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="ResolutionPPGEVotting1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:PromoterAndPromoterGroupMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="in-bse-voting:ModeOfVotingAxis">in-bse-voting:EVotingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="ResolutionPPGTotal1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:PromoterAndPromoterGroupMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="in-bse-voting:ModeOfVotingAxis">in-bse-voting:TotalVotingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="ResolutionPIEVotting1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:PublicInstitutionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="in-bse-voting:ModeOfVotingAxis">in-bse-voting:EVotingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="ResolutionPITotal1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:PublicInstitutionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="in-bse-voting:ModeOfVotingAxis">in-bse-voting:TotalVotingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="ResolutionPNIEVotting1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:PublicNonInstitutionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="in-bse-voting:ModeOfVotingAxis">in-bse-voting:EVotingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="ResolutionPNITotal1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:PublicNonInstitutionMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="in-bse-voting:ModeOfVotingAxis">in-bse-voting:TotalVotingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="TotalShareholding1"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-voting/ScripCode">544280</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-02-10</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-bse-voting:DetailsOfResolutionsAxis"><in-bse-voting:ResolutionsDomain>Resolution1</in-bse-voting:ResolutionsDomain></xbrldi:typedMember><xbrldi:explicitMember dimension="in-bse-voting:CategoryOfShareholdersAxis">in-bse-voting:TotalShareholdingMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><in-bse-voting:ScripCode contextRef="MainD">544280</in-bse-voting:ScripCode><in-bse-voting:Symbol contextRef="MainD">AFCONS</in-bse-voting:Symbol><in-bse-voting:MSEISymbol contextRef="MainD">NOTLISTED</in-bse-voting:MSEISymbol><in-bse-voting:ISIN contextRef="MainD">INE101I01011</in-bse-voting:ISIN><in-bse-voting:NameOfTheCompany contextRef="MainD">Afcons Infrastructure Limited</in-bse-voting:NameOfTheCompany><in-bse-voting:TypeOfMeeting contextRef="MainD">Postal Ballot</in-bse-voting:TypeOfMeeting><in-bse-voting:DateOfMeeting contextRef="MainI">2026-02-10</in-bse-voting:DateOfMeeting><in-bse-voting:NameOfTheScrutinizer contextRef="MainD">Mitesh Dhabliwala</in-bse-voting:NameOfTheScrutinizer><in-bse-voting:NameOfScrutinizerFirm contextRef="MainD">Parikh Parekh &amp; Associates</in-bse-voting:NameOfScrutinizerFirm><in-bse-voting:QualificationOfTheScrutinizer contextRef="MainD">CS</in-bse-voting:QualificationOfTheScrutinizer><in-bse-voting:MembershipNumberOfTheScrutinizer contextRef="MainD">F8331</in-bse-voting:MembershipNumberOfTheScrutinizer><in-bse-voting:DateOfBoardMeetingInWhichAppointed contextRef="MainI">2026-01-08</in-bse-voting:DateOfBoardMeetingInWhichAppointed><in-bse-voting:DateOfIssuanceOfReportToTheCompany contextRef="MainI">2026-02-10</in-bse-voting:DateOfIssuanceOfReportToTheCompany><in-bse-voting:DateOfRecord contextRef="MainI">2026-01-02</in-bse-voting:DateOfRecord><in-bse-voting:TotalNumberOfShareholdersOnRecordDate contextRef="MainI" decimals="INF" unitRef="pure">246831</in-bse-voting:TotalNumberOfShareholdersOnRecordDate><in-bse-voting:NumberOfResolutionPassedInTheMeeting contextRef="MainI" decimals="INF" unitRef="pure">1</in-bse-voting:NumberOfResolutionPassedInTheMeeting><in-bse-voting:TypeOfResolution contextRef="Resolution1D">Ordinary</in-bse-voting:TypeOfResolution><in-bse-voting:WhetherPromoterOrPromoterGroupAreInterestedInTheAgendaOrResolution contextRef="Resolution1D">true</in-bse-voting:WhetherPromoterOrPromoterGroupAreInterestedInTheAgendaOrResolution><in-bse-voting:DescriptionOfResolutionConsidered contextRef="Resolution1D">Material Related Party Transaction(s) between Afcons Construction Mideast LLC, wholly owned subsidiary of the Company and Shapoorji Pallonji Mideast LLC, subsidiary company of the Promoter Company of Afcons Infrastructure Limited</in-bse-voting:DescriptionOfResolutionConsidered><in-bse-voting:WhetherResolutionIsPassed contextRef="Resolution1D">true</in-bse-voting:WhetherResolutionIsPassed><in-bse-voting:NumberOfSharesHeld contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="shares">184506596</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="pure">0</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="pure">0</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="pure">0</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="pure">0</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="pure">0</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="ResolutionPPGEVotting1" decimals="INF" unitRef="pure">0</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled><in-bse-voting:NumberOfSharesHeld contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="shares">184506596</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="pure">0</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="pure">0</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="pure">0</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="pure">0</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="pure">0</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="ResolutionPPGTotal1" decimals="INF" unitRef="pure">0</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled><in-bse-voting:NumberOfSharesHeld contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="shares">115413728</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="pure">102086284</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="pure">88.4525</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="pure">97571402</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="pure">4514882</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="pure">95.5774</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="ResolutionPIEVotting1" decimals="INF" unitRef="pure">4.4226</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled><in-bse-voting:NumberOfSharesHeld contextRef="ResolutionPITotal1" decimals="INF" unitRef="shares">115413728</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="ResolutionPITotal1" decimals="INF" unitRef="pure">102086284</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="ResolutionPITotal1" decimals="INF" unitRef="pure">88.4525</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="ResolutionPITotal1" decimals="INF" unitRef="pure">97571402</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="ResolutionPITotal1" decimals="INF" unitRef="pure">4514882</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="ResolutionPITotal1" decimals="INF" unitRef="pure">95.5774</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="ResolutionPITotal1" decimals="INF" unitRef="pure">4.4226</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled><in-bse-voting:NumberOfSharesHeld contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="shares">67864307</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="pure">21573983</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="pure">31.7899</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="pure">21563321</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="pure">10662</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="pure">99.9506</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="ResolutionPNIEVotting1" decimals="INF" unitRef="pure">0.0494</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled><in-bse-voting:NumberOfSharesHeld contextRef="ResolutionPNITotal1" decimals="INF" unitRef="shares">67864307</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="ResolutionPNITotal1" decimals="INF" unitRef="pure">21573983</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="ResolutionPNITotal1" decimals="INF" unitRef="pure">31.7899</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="ResolutionPNITotal1" decimals="INF" unitRef="pure">21563321</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="ResolutionPNITotal1" decimals="INF" unitRef="pure">10662</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="ResolutionPNITotal1" decimals="INF" unitRef="pure">99.9506</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="ResolutionPNITotal1" decimals="INF" unitRef="pure">0.0494</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled><in-bse-voting:NumberOfSharesHeld contextRef="TotalShareholding1" decimals="INF" unitRef="shares">367784631</in-bse-voting:NumberOfSharesHeld><in-bse-voting:NumberOfVotesPolled contextRef="TotalShareholding1" decimals="INF" unitRef="pure">123660267</in-bse-voting:NumberOfVotesPolled><in-bse-voting:PercentageOfVotesPolledOnOutstandingShares contextRef="TotalShareholding1" decimals="INF" unitRef="pure">33.623</in-bse-voting:PercentageOfVotesPolledOnOutstandingShares><in-bse-voting:NumberOfVotesInFavour contextRef="TotalShareholding1" decimals="INF" unitRef="pure">119134723</in-bse-voting:NumberOfVotesInFavour><in-bse-voting:NumberOfVotesAgainst contextRef="TotalShareholding1" decimals="INF" unitRef="pure">4525544</in-bse-voting:NumberOfVotesAgainst><in-bse-voting:PercentageOfVotesInFavourOnVotesPolled contextRef="TotalShareholding1" decimals="INF" unitRef="pure">96.3403</in-bse-voting:PercentageOfVotesInFavourOnVotesPolled><in-bse-voting:PercentageOfVotesAgainstOnVotesPolled contextRef="TotalShareholding1" decimals="INF" unitRef="pure">3.6597</in-bse-voting:PercentageOfVotesAgainstOnVotesPolled></xbrli:xbrl>