Provided are dry ready to use modified release dosage formulation composition comprising a matrix of cellulosic polymers components having plurality of layers, glidant, lubricant thereby providing controlled or retarded release rate of Non-steroidal anti-inflammatory drugs (NSAIDs) or anti-diabetic drugs from the oral dosage form/tablet. Dry composition are applicable to drug, veterinary and agricultural formulation, it could be applied to the retarded release of fertilizers, insecticides or specific protection agents. Disclosed are ready-to-use modified release compositions capable of regulating release of Non-steroidal anti¬inflammatory drugs (NSAIDs) and anti-diabetic at various dosage strength, a process for production thereof and also use thereof as formulated pharmaceutical compositions.