पाञ्चजन्याख्यं भूताद्यहंकारात्मकं शङ्ख विभ्रत् शङ्ख-
In plain words
In his hand is the conch called Pāñcajanya — a conch whose very substance is ahaṃkāra, the I-sense from which all the elements come. He is the one who bears it: śaṅkha—
Close to the Sanskrit
Bearing the conch named Pāñcajanya, which has as its nature ahaṃkāra, the origin of the elements — [hence the name] 'śaṅkha-'.