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<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" 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contextRef="MainI">SHALBY</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">SHALBY LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">540797</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE597J01018</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">Revision</in-capmkt:TypeOfAnnouncement><in-capmkt:PurposeOfDisclosure contextRef="MainI">Schedule of Analysts or Institutional Investors Meet</in-capmkt:PurposeOfDisclosure><in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent contextRef="MainI">Reschedule</in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent><in-capmkt:RemarksForWebsiteDissemination contextRef="MainI">Reschedule of Q1 FY 2027 Earnings Conference Call which was earlier scheduled to be held on Friday, August 7, 2026, at 4:00 PM IST, now to be held on Thursday, August 13, 2026 at 10:30 AM 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contextRef="I_RescheduleOfAnalystsOrInstitutionalInvestorsMeeting1">For All investors and General Public</in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForReschedule><in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForReschedule contextRef="I_RescheduleOfAnalystsOrInstitutionalInvestorsMeeting1">For All investors and General Public</in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForReschedule><in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForReschedule contextRef="I_RescheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Not Applicable</in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForReschedule><in-capmkt:NameOfHostOfMeetingOrCallOrConferenceOrEventForReschedule contextRef="I_RescheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Elara Securities (India) Private 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