<?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">544733</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-02</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">544733</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-02</xbrli:startDate><xbrli:endDate>2026-07-02</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="D_DemergedEntity1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">544733</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-02</xbrli:startDate><xbrli:endDate>2026-07-02</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain1</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_DemergedEntity1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">544733</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-02</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain1</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></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><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><in-capmkt:ScripCode contextRef="OneI">544733</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">GSP CROP SCIENCE LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">GSPCROP</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE713R01022</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">New</in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:TypeOfEventOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">De-merger</in-capmkt:TypeOfEventOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting contextRef="OneD">true</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfBoardMeeting contextRef="OneI">2026-07-02</in-capmkt:DateOfBoardMeeting><in-capmkt:EndTimeOfBoardMeeting contextRef="OneD">17:30:00</in-capmkt:EndTimeOfBoardMeeting><in-capmkt:DateOfReport contextRef="OneI">2026-07-02</in-capmkt:DateOfReport><in-capmkt:BriefDetailsOfTheDivisionsToBeDemerged contextRef="OneI">GSP Intermediates Private Limited</in-capmkt:BriefDetailsOfTheDivisionsToBeDemerged><in-capmkt:NameOfDemergedEntityOrDivision contextRef="I_DemergedEntity1">GSP Intermediates Private Limited</in-capmkt:NameOfDemergedEntityOrDivision><in-capmkt:TypeOfDemergedEntityOrDivision contextRef="D_DemergedEntity1">Demerged</in-capmkt:TypeOfDemergedEntityOrDivision><in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="D_DemergedEntity1">Subsidiary</in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:TurnoverOfTheDemergedDivision contextRef="D_DemergedEntity1" unitRef="INR" decimals="-5">282500000</in-capmkt:TurnoverOfTheDemergedDivision><in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">15000000</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">1</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">15000000</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NatureOfConsiderationForDemerger contextRef="OneD">Others</in-capmkt:NatureOfConsiderationForDemerger><in-capmkt:DetailsOfConsiderationForDemerger contextRef="OneI">The entire share capital of the Demerged Company is held by the Company. Upon the Scheme becoming effective, no equity shares of the Company shall be allotted in lieu or exchange of the holding of the Company in the Demerged Company. Further, there is no cash consideration involved in the Scheme.</in-capmkt:DetailsOfConsiderationForDemerger><in-capmkt:RationaleForDemerger contextRef="OneI">i.	Consolidation of assets and liabilities of the Demerged Undertaking of the Demerged Company with the Company, leading to synergies of operations and resulting in the expansion and long-term sustainable growth, which will enhance value for various stakeholders of the Company; 
ii.	The Company will have the benefit of combined resources, market share, scale, efficiency, combined net-worth, combined employee base, reserves, investments, and other assets, manpower, consolidated pool of finances, including optimization of borrowing costs, larger size, consolidation of operations, and future opportunities;
iii.	Reduction of administrative responsibilities, multiplicity of records and legal and regulatory compliances, cost savings and elimination of duplicate expenses; and
iv.	Achieve optimal and efficient utilization of capital, enhance operational and management efficiencies.
</in-capmkt:RationaleForDemerger><in-capmkt:BriefDetailsOfChangeInShareholdingPatternOfAllEntitiesForDemerger contextRef="OneI">There will be no change in the equity shareholding pattern of the Company pursuant to the Scheme, as no shares are to be issued by the Company in connection with the Scheme of Arrangement.</in-capmkt:BriefDetailsOfChangeInShareholdingPatternOfAllEntitiesForDemerger><in-capmkt:WhetherListingWouldBeSoughtForTheResultingEntity contextRef="OneD">false</in-capmkt:WhetherListingWouldBeSoughtForTheResultingEntity><in-capmkt:AnyOtherBriefSignificantInformationForDemerger contextRef="OneI">Turnover for FY 2025-26 of the demerged undertaking of GIPL is 2,825.94 (INR in Lakhs)

Further, the Scheme involves demerger from unlisted wholly owned subsidiary into the parent listed company and hence details regarding percentage to the total turnover of the listed entity are not applicable in the instant case.</in-capmkt:AnyOtherBriefSignificantInformationForDemerger></xbrli:xbrl>
