khāite - eating; śuite - lying down; yathā - as; tathā - so; nāma laya - one takes the holy name; kāla - in time; deśa - in place; niyama - regulation; nāhi - there is not; sarva siddhi haya - there is all perfection.

“Regardless of time or place, one who chants the holy name, even while eating or sleeping, attains all perfection.