This study focuses on developing and characterizing active and sustainable packaging films made from chitosan (CS), enriched with a novel bioactive extract sourced from water caltrop (Trapa bispinosa Roxb.) pericarp (WCPE). In this study, chitosan (1 % w/v) based biocomposite films were produced using varying concentrations of bioactive extracts (0,5,10,15 and 20 % w/w of CS) from water caltrop pericarp, obtained through ultrasound-assisted extraction. WCPE extract possess excellent antioxidant (89 +/- 1.41 %), higher phenolics (120.48 +/- 4.67 mg GAE g(-1)) and antimicrobial property. Similarly, developed biocomposite demonstrated superior UV barrier (OP600nm similar to 4.30), lower swelling (21.43 +/- 2.61 %), lower moisture content (17.15 +/- 1.82 %), minimum water vapor permeability (1.28 +/- 0.06 g m(-1) day(-1) Pa-1 (x10(-10))), excellent antioxidant capacity (60.41 +/- 1.52 % for DPPH and 70.80 +/- 2.36 % for ABTS), greater phenolics content (168 +/- 4.16 mg GAE/100 g) and good antimicrobial property. Additionally, all formulated coating solutions demonstrated biocompatibility (>85 % cell viability) with BHK-21 fibroblast cells. Finally, the CS-WCPE20 solution was evaluated for its practical use as an edible coating to preserve strawberry, under storage conditions of 20 +/- 5 degrees C and 75 +/- 5 % relative humidity. Developed coating successfully preserved quality attribute such as lower weight loss (similar to 17 %), higher texture (similar to 2.18 N), optimum TSS (similar to 8.44 % Brix), maximum antioxidant quality (similar to 50 % DPPH scavenging activity) and higher color and visual attribute upto 8 days at ambient temperature. Thus, the optimized formulation demonstrates significant potential for use as an active and intelligent packaging solution, effectively extending the shelf life of fruits and vegetables.