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<xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-05-28/in-capmkt" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="in-capmkt-ent-2025-05-28.xsd" xlink:type="simple"/>
    <xbrli:context id="MainI">
        <xbrli:entity>
            <xbrli:identifier scheme="https://www.nseindia.com/xbrl">GSMFOILS</xbrli:identifier>
        </xbrli:entity>
        <xbrli:period>
            <xbrli:instant>2026-04-25</xbrli:instant>
        </xbrli:period>
    </xbrli:context>
    <in-capmkt:NSESymbol contextRef="xbrli:stringItemType">GSMFOILS</in-capmkt:NSESymbol>
    <in-capmkt:NameOfTheCompany contextRef="xbrli:stringItemType">GSM Foils Limited</in-capmkt:NameOfTheCompany>
    <in-capmkt:SubjectOfAnnouncement contextRef="xbrli:stringItemType">Updates</in-capmkt:SubjectOfAnnouncement>
    <in-capmkt:DescriptionOfAnnouncement contextRef="xbrli:stringItemType">GSM Foils Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended ("SEBI Listing Regulations")'.</in-capmkt:DescriptionOfAnnouncement>
    <in-capmkt:AttachmentURL contextRef="xbrli:anyURIItemType">https://nsearchives.nseindia.com/corporate/GSMFOILS_25042026202851_GSMLockinUpdateSigned.pdf</in-capmkt:AttachmentURL>
    <in-capmkt:DateAndTimeOfSubmission contextRef="xbrli:dateTimeItemType">2026-04-25 20:29:13</in-capmkt:DateAndTimeOfSubmission>
    <in-capmkt:CategoryOfAnnouncement contextRef="xbrli:stringItemType">Announcement</in-capmkt:CategoryOfAnnouncement>
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