। ॥
In plain words
O great Goddess Śrī Kāmākṣī, the light of your gentle smile triumphs as a second Sarasvatī: it is the one delight of the four-faced creator, it always holds the rudrākṣa beads and holds Rudra's eyes captive, it surges with waves of speech, and it shines always above the full-blown white lotus.
Word for word
Activity in the four-faced-sole-delight setting forth, making rudrākṣa-holding (Rudra's-eye-capture), Maheśī, always speech-wave-surging, the blown white lotus having put below shining always, Śrī Kāmākṣī, Sarasvatī triumphs, your gentle-smile-light.