<?xml version="1.0" encoding="UTF-8"?>
<!--SAIIM V1.0 (22-04-2026)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Schedule_Of_Analysts_Or_Institutional_Investors_Meeting/2026-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Schedule_Of_Analysts_Or_Institutional_Investors_Meeting/2026-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt-types" 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-2026-03-31.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">533293</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-28</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">533293</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-28</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingAxis"><in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain>OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain1</in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting2"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">533293</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-28</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingAxis"><in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain>OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain2</in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">KIRLOSENG</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">Kirloskar Oil Engines Limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">533293</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE146L01010</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:PurposeOfDisclosure contextRef="MainI">Schedule of Analysts or Institutional Investors Meet</in-capmkt:PurposeOfDisclosure><in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent contextRef="MainI">Outcome</in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent><in-capmkt:DateOfReport contextRef="MainI">2026-08-28</in-capmkt:DateOfReport><in-capmkt:TypeOfMeetingForWhichOutcomeIsProvided contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">Institutional Investor Meet</in-capmkt:TypeOfMeetingForWhichOutcomeIsProvided><in-capmkt:WhetherPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">true</in-capmkt:WhetherPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome><in-capmkt:DateOfPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">2026-08-28</in-capmkt:DateOfPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome><in-capmkt:WhetherUnpublishedPriceSensitiveInformationSharedInMeetingOrCallOrConferenceOrEvent contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">false</in-capmkt:WhetherUnpublishedPriceSensitiveInformationSharedInMeetingOrCallOrConferenceOrEvent><in-capmkt:WhetherOutcomeOfMeetingIncludesPresentation contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">false</in-capmkt:WhetherOutcomeOfMeetingIncludesPresentation><in-capmkt:TypeOfMeetingForWhichOutcomeIsProvided contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting2">Institutional Investor Meet</in-capmkt:TypeOfMeetingForWhichOutcomeIsProvided><in-capmkt:WhetherPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting2">true</in-capmkt:WhetherPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome><in-capmkt:DateOfPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting2">2026-08-28</in-capmkt:DateOfPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome><in-capmkt:WhetherUnpublishedPriceSensitiveInformationSharedInMeetingOrCallOrConferenceOrEvent contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting2">false</in-capmkt:WhetherUnpublishedPriceSensitiveInformationSharedInMeetingOrCallOrConferenceOrEvent><in-capmkt:WhetherOutcomeOfMeetingIncludesPresentation contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting2">false</in-capmkt:WhetherOutcomeOfMeetingIncludesPresentation><in-capmkt:RemarksForWebsiteDisseminationForOutcomeOfMeeting contextRef="MainI">Please note that the 1X1 Meeting scheduled with ICICI Pru Mutual Fund on 28th August 2026 at 10.30 AM, as intimated vide our letter dated 25th August 2026, was cancelled due to scheduled changes and consequently the said meeting was not held today.</in-capmkt:RemarksForWebsiteDisseminationForOutcomeOfMeeting></xbrli:xbrl>
