<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-06-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Loss_Of_Share_Certificate_And_Issue_Of_Duplicate_Share_Certificate_Or_Letter_Of_Confirmation/2023-06-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Loss_Of_Share_Certificate_And_Issue_Of_Duplicate_Share_Certificate_Or_Letter_Of_Confirmation/2023-06-30/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-2023-06-30.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543934</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-01-09</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_ShareholdersWhomDuplicateShareCertificateEntity1"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543934</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-01-09</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:ShareholdersWhomDuplicateShareCertificateAxis"><in-capmkt:ShareholdersWhomDuplicateShareCertificateDomain>ShareholdersWhomDuplicateShareCertificateDomain1</in-capmkt:ShareholdersWhomDuplicateShareCertificateDomain></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><in-capmkt:NameOfTheCompany contextRef="MainI">MACHHAR INDUSTRIES LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">NOTLISTED</in-capmkt:NSESymbol><in-capmkt:ScripCode contextRef="MainI">543934</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE01BT01025</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementForLossOfShareCertificateAndIssueOfDuplicateShareCertificateOrLetterOfConfirmation contextRef="MainI">New</in-capmkt:TypeOfAnnouncementForLossOfShareCertificateAndIssueOfDuplicateShareCertificateOrLetterOfConfirmation><in-capmkt:TypeOfEventForLossOfShareCertificateAndIssueOfDuplicateShareCertificateOrLetterOfConfirmation contextRef="MainI">Issue of duplicate share certificates/Letter of Confirmation</in-capmkt:TypeOfEventForLossOfShareCertificateAndIssueOfDuplicateShareCertificateOrLetterOfConfirmation><in-capmkt:DateOfReport contextRef="MainI">2024-01-09</in-capmkt:DateOfReport><in-capmkt:NumberOfShareholdersToWhomDuplicateShareCertificateOrLetterOfConfirmationHasBeenIssued contextRef="MainI" unitRef="pure" decimals="0">1</in-capmkt:NumberOfShareholdersToWhomDuplicateShareCertificateOrLetterOfConfirmationHasBeenIssued><in-capmkt:DateOfReceiptOfInformationForIssueOfDuplicateShareCertificateOrLetterOfConfirmation contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">2024-01-09</in-capmkt:DateOfReceiptOfInformationForIssueOfDuplicateShareCertificateOrLetterOfConfirmation><in-capmkt:NameOfShareholders contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">JAYASHREE PATEL</in-capmkt:NameOfShareholders><in-capmkt:FolioNumber contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">J03023</in-capmkt:FolioNumber><in-capmkt:NumberOfShares contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1" unitRef="shares" decimals="INF">50</in-capmkt:NumberOfShares><in-capmkt:OldCertificateNumberStartsFrom contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">3336</in-capmkt:OldCertificateNumberStartsFrom><in-capmkt:OldCertificateNumberEndsWith contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">3336</in-capmkt:OldCertificateNumberEndsWith><in-capmkt:NewCertificateOrLetterOfConfirmationNumberStartsFrom contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">10215</in-capmkt:NewCertificateOrLetterOfConfirmationNumberStartsFrom><in-capmkt:NewCertificateOrLetterOfConfirmationNumberEndsWith contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">10215</in-capmkt:NewCertificateOrLetterOfConfirmationNumberEndsWith><in-capmkt:DistinctiveNumberStartsFrom contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">184921</in-capmkt:DistinctiveNumberStartsFrom><in-capmkt:DistinctiveNumberEndsWith contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">184970</in-capmkt:DistinctiveNumberEndsWith><in-capmkt:ReasonForIssueOfDuplicateShareCertificateOrLetterOfConfirmation contextRef="I_ShareholdersWhomDuplicateShareCertificateEntity1">SHARE HOLDER INFOMRED EARLIER TO OUR RTA AGENT FOR LOSS OF SHARE CERTIFICATE UPON COMPLETION OF DUPLICATE SHARE CERTIFICATE PROCEDURE COMPANY SENDING TODAY SIGNED SHARE CERTIFICATE FOR FURTHER DISPATCH TO RTA AGENT</in-capmkt:ReasonForIssueOfDuplicateShareCertificateOrLetterOfConfirmation><in-capmkt:NameOfRegistrarAndTransferAgentOfTheCompanyForIssueOfDuplicateShareCertificatesOrLetterOfConfirmation contextRef="MainI">LINK INTIME INDIA PVT LTD</in-capmkt:NameOfRegistrarAndTransferAgentOfTheCompanyForIssueOfDuplicateShareCertificatesOrLetterOfConfirmation><in-capmkt:WhetherTheCompanyHasCompliedWithRegulation39AsPerSEBIRegulations2015ForIssueOfDuplicateShareCertificatesOrLetterOfConfirmation contextRef="MainI">true</in-capmkt:WhetherTheCompanyHasCompliedWithRegulation39AsPerSEBIRegulations2015ForIssueOfDuplicateShareCertificatesOrLetterOfConfirmation></xbrli:xbrl>
