। ॥
In plain words
O Kāmākṣī, the blue lily, defeated in battle by the lustre of your glance and with its pride entirely gone, has come close under the pretext of being your ear ornament, surely to beg for safety.
Word for word
Kāmākṣī, by the glance-lustre in battle conquered your, the blue lily, entirely-gone-pride, having come to its vicinity, under the ear-ornament pretext surely a fearlessness-request makes.