<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--TAKEOVERPRE V1.0 (01-01-2026)--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-02-28/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Takeover_Open_Offer_Pre_Tendering_Phase/2023-02-28/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Takeover_Open_Offer_Pre_Tendering_Phase/2023-02-28/in-capmkt-roles" 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-capmkt-ent-2023-02-28.xsd" xlink:type="simple"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE148I01020</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE148I01020</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-15</xbrli:startDate><xbrli:endDate>2026-04-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="I_Acquirer1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE148I01020</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-15</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:AcquirersAxis"><in-capmkt:AcquirersDomain>AcquirersDomain1</in-capmkt:AcquirersDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_PersonsActing1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE148I01020</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-15</xbrli:startDate><xbrli:endDate>2026-04-15</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:PersonsActingInConcertAxis"><in-capmkt:PersonsActingInConcertDomain>PersonsActingInConcertDomain1</in-capmkt:PersonsActingInConcertDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_DetailofManagers1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE148I01020</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-15</xbrli:startDate><xbrli:endDate>2026-04-15</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ManagersToTheOfferAxis"><in-capmkt:ManagersToTheOfferDomain>ManagersToTheOfferDomain1</in-capmkt:ManagersToTheOfferDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_CompanySecretary1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE148I01020</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-15</xbrli:startDate><xbrli:endDate>2026-04-15</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:CompanySecretaryOfTargetCompanyAxis"><in-capmkt:CompanySecretaryOfTargetCompanyDomain>CompanySecretaryOfTargetCompanyDomain1</in-capmkt:CompanySecretaryOfTargetCompanyDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><in-capmkt:NameOfTargetCompany contextRef="MainI">SAMMAAN CAPITAL LIMITED</in-capmkt:NameOfTargetCompany><in-capmkt:ISINOfTargetCompany contextRef="MainI">INE148I01020</in-capmkt:ISINOfTargetCompany><in-capmkt:CorporateIdentityNumberOfTargetCompany contextRef="MainD">L65922DL2005PLC136029</in-capmkt:CorporateIdentityNumberOfTargetCompany><in-capmkt:PermanentAccountNumberOfTargetCompany contextRef="MainD">AABCI3612A</in-capmkt:PermanentAccountNumberOfTargetCompany><in-capmkt:ExchangesWhereTargetCompanyListed contextRef="MainD">BSE and NSE</in-capmkt:ExchangesWhereTargetCompanyListed><in-capmkt:TypeOfOffer contextRef="MainD">Substantial acquisition (Reg. 3(1))</in-capmkt:TypeOfOffer><in-capmkt:NumberOfSharesFullyPaidUpToBeAquired contextRef="MainI" decimals="INF" unitRef="shares">341754286</in-capmkt:NumberOfSharesFullyPaidUpToBeAquired><in-capmkt:PercentageOfSharesFullyPaidUpToBeAquired contextRef="MainI" decimals="INF" unitRef="pure">0.2605</in-capmkt:PercentageOfSharesFullyPaidUpToBeAquired><in-capmkt:OfferPricePerShareFullyPaidUp contextRef="MainD" decimals="INF" unitRef="INRPerShare">139</in-capmkt:OfferPricePerShareFullyPaidUp><in-capmkt:OfferPricePerSharePartlyPaidUp contextRef="MainD" decimals="INF" unitRef="INRPerShare">39</in-capmkt:OfferPricePerSharePartlyPaidUp><in-capmkt:OfferSize contextRef="MainD" decimals="0" unitRef="INR">47504</in-capmkt:OfferSize><in-capmkt:DateOfStartOfTendering contextRef="MainI">2026-04-17</in-capmkt:DateOfStartOfTendering><in-capmkt:DateOfEndOfTendering contextRef="MainI">2026-04-30</in-capmkt:DateOfEndOfTendering><in-capmkt:RegistrarToOfferAppointedByAcquirer contextRef="MainD">Link Intime India Private Limited</in-capmkt:RegistrarToOfferAppointedByAcquirer><in-capmkt:ContactDetailsOfRegistrarToOfferAppointedByAcquirer contextRef="MainD">C-101, 1st Floor, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India
Tel: +91 810 811 4949
Fax: +91 22 49186060
Website: www.in.mpms.mufg.com
Contact Person: Ms. Pradnya Karanjekar
Email: sammaancapital.offer@in.mpms.mufg.com
SEBI Registration Number: INR000004058</in-capmkt:ContactDetailsOfRegistrarToOfferAppointedByAcquirer><in-capmkt:DesignatedStockExchangePreTakeover contextRef="MainD">BSE</in-capmkt:DesignatedStockExchangePreTakeover><in-capmkt:DateOfSubmissionForTakeoverPreTenderingPhase contextRef="MainI">2026-04-15</in-capmkt:DateOfSubmissionForTakeoverPreTenderingPhase><in-capmkt:NotesForTakeoverPreTenderingPhaseExplanatoryTextBlock contextRef="MainD">1. INE148I01020 (for Fully Paid Equity Shares); IN9148I01010 (for Partly Paid Equity Shares) &lt;BR&gt; 
 &lt;BR&gt; 
2. 341,754,286 Equity shares (26.05%). Percentage have been calculated basis the Expanded Voting Share Capital as provided in the Letter of Offer dated 3rd April, 2026.   &lt;BR&gt; 
 &lt;BR&gt; 
3. Name of Registrar to offer appointed by Acquirer is "MUFG Intime India Private Limited (Formerly, Link Intime India Private Limited)". Since, current name of Registrar to Offer is not reflecting in XBRL utility drop-down therefore, we have selected Old name of Registra to Offer i.e. Link Intime India Private Limited. &lt;BR&gt; 
 &lt;BR&gt; 
4. XBRL template is not getting validated without the name of Designated stock exchange. Hence we have added name of BSE Limited as Designated stock exchange, though the acquirer has not appointed any exchange as its designated stock exchange</in-capmkt:NotesForTakeoverPreTenderingPhaseExplanatoryTextBlock><in-capmkt:NameOfAcquirer contextRef="I_Acquirer1">Avenir Investment RSC Ltd</in-capmkt:NameOfAcquirer><in-capmkt:NameOfPersonsActingInConcert contextRef="D_PersonsActing1">IHC Capital Holding LLC</in-capmkt:NameOfPersonsActingInConcert><in-capmkt:NameOfManagersToTheOffer contextRef="D_DetailofManagers1">Citigroup Global Markets India Private Limited</in-capmkt:NameOfManagersToTheOffer><in-capmkt:ContactDetailsOfManagersToTheOffer contextRef="D_DetailofManagers1">1202, 12th Floor, First International Financial Centre, G-Block
Bandra-Kurla Complex, Bandra East, Mumbai 400098
Tel: +91 22 6175 9999
Fax: +91-22-61759898
Website: https://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm
Contact Person: Mr. Samrat Choudhary
Email: sammaancapital.openoffer@citi.com</in-capmkt:ContactDetailsOfManagersToTheOffer><in-capmkt:NameOfCompanySecretary contextRef="D_CompanySecretary1">Mr. Amit Kumar Jain</in-capmkt:NameOfCompanySecretary><in-capmkt:ContactDetailsOfCompanySecretary contextRef="D_CompanySecretary1">1st Floor, Tower 3A, DLF Corporate Greens, Sector-74A, 
Gurgaon, Narsinghpur, Haryana – 122 004, India. 
Tel: +91 1246048213 
Fax: +91 1246048214
Email ID: ajain@sammaancapital.com</in-capmkt:ContactDetailsOfCompanySecretary></xbrli:xbrl>