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<!--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 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contextRef="I_RestructuringEntity2" unitRef="shares" decimals="INF">608200</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_RestructuringEntity2" unitRef="pure" decimals="INF">0.3379</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_RestructuringEntity2" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_RestructuringEntity2" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_RestructuringEntity2" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_RestructuringEntity2" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_RestructuringEntity2" unitRef="shares" decimals="INF">608200</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_RestructuringEntity2" unitRef="pure" decimals="INF">0.3379</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NameOfRestructuringEntity contextRef="I_RestructuringEntity3">Mr. Anubhav Suri</in-capmkt:NameOfRestructuringEntity><in-capmkt:RestructuringEntityRelationshipWithListedEntity contextRef="D_RestructuringEntity3">Others</in-capmkt:RestructuringEntityRelationshipWithListedEntity><in-capmkt:DetailsOfOtherRelationsOfRestructuringEntityWithListedEntities contextRef="D_RestructuringEntity3">Category of shareholder- Promoter Group</in-capmkt:DetailsOfOtherRelationsOfRestructuringEntityWithListedEntities><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_RestructuringEntity3" unitRef="shares" decimals="INF">1800</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_RestructuringEntity3" unitRef="pure" decimals="INF">0.001</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_RestructuringEntity3" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_RestructuringEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_RestructuringEntity3" unitRef="shares" 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decimals="INF">0.091</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_RestructuringEntity3" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_RestructuringEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_RestructuringEntity3" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_RestructuringEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_RestructuringEntity3" unitRef="shares" decimals="INF">163800</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_RestructuringEntity3" unitRef="pure" decimals="INF">0.091</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NameOfRestructuringEntity contextRef="I_RestructuringEntity4">Others</in-capmkt:NameOfRestructuringEntity><in-capmkt:RestructuringEntityRelationshipWithListedEntity contextRef="D_RestructuringEntity4">Others</in-capmkt:RestructuringEntityRelationshipWithListedEntity><in-capmkt:DetailsOfOtherRelationsOfRestructuringEntityWithListedEntities contextRef="D_RestructuringEntity4">Category of shareholder- Other Public Shareholders</in-capmkt:DetailsOfOtherRelationsOfRestructuringEntityWithListedEntities><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">110000</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0.0611</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">110000</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0.0611</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">110000</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0.0611</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_RestructuringEntity4" unitRef="shares" decimals="INF">110000</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_RestructuringEntity4" unitRef="pure" decimals="INF">0.0611</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:DetailsAndReasonsForOtherRestructuring contextRef="OneI">Over the past 15 years, the Medical Devices business of the company has witnessed significant growth and operational progress under the leadership of Mr. Anubhav Suri, Head -  Medical Devices Business, who has been instrumental in driving its strategic direction and development.

In recognition of his significant contribution, leadership and continued commitment towards the growth and value creation of the Medical Devices business, the company has entered into an agreement for transfer of 1,62,000 equity shares of Morepen Medipath Limited (“MML”), a subsidiary of the company, to Mr. Anubhav Suri, with a view to align his interests with the long-term growth and strategic objectives of MML and to ensure continuity of leadership as the business expands further.

The consideration for the transfer has been mutually agreed between the parties.
</in-capmkt:DetailsAndReasonsForOtherRestructuring><in-capmkt:QuantitativeEffectOfOtherRestructuring contextRef="OneI">As a result of this transaction, the company's shareholding in MML is reduced to 51%. However, MML will continue to remain a subsidiary of the company and will continue to be consolidated in the company's financial statements.</in-capmkt:QuantitativeEffectOfOtherRestructuring><in-capmkt:QualitativeEffectOfOtherRestructuring contextRef="OneI">MML will continue to remain a subsidiary of the company and will continue to be consolidated in the company's financial statements.</in-capmkt:QualitativeEffectOfOtherRestructuring><in-capmkt:WhetherThePromoterOrPromoterGroupOrGroupCompaniesIncludingAssociateOrHoldingOrSubsidiaryOrDirectorOrKMPOrSMPAndItsRelativesHaveAnyInterestInTheEntityBeingRestructuring contextRef="OneD">true</in-capmkt:WhetherThePromoterOrPromoterGroupOrGroupCompaniesIncludingAssociateOrHoldingOrSubsidiaryOrDirectorOrKMPOrSMPAndItsRelativesHaveAnyInterestInTheEntityBeingRestructuring><in-capmkt:DetailsOfBenefitToThePromoterOrPromoterGroupOrGroupCompaniesFromSuchProposedRestructuring contextRef="OneI">Mr. Anubhav Suri currently holds 1,800 equity shares (0.10%) in MML. Post this transaction, his shareholding  increases to 1,63,800 equity shares (9.10%).</in-capmkt:DetailsOfBenefitToThePromoterOrPromoterGroupOrGroupCompaniesFromSuchProposedRestructuring></xbrli:xbrl>
