। ॥
In plain words
O Kāmākṣī, the great ones, relying on the sprouting grace of the Guru, whose bonds have been broken by many austerities and disciplines, find their dwelling in this glance of yours and move about the world happily, their minds even.
Word for word
Kāmākṣī, the preceptor-grace-sprout relying on, many-austerity-discipline-destroyed-noose-bonds, a dwelling your glance this the great having obtained, happily, even-minded, move in the world.