। ॥ १ ॥
In plain words
The wise take Oṃ as his name. By his radiance all this—space and the rest—shines. At his command, Brahmā and the foremost gods remain in their respective stations. I contemplate him, inward-facing and south-faced.
Close to the Sanskrit
Him whose name the wise take as this, Oṃ; by whose radiance all this, beginning with space, shines; at whose command Brahmā and the foremost gods stand in their respective stations; the inward-facing, south-faced one—I contemplate.