Meaning:

Kara Charana Kritam = (faults) committed by (my) hands or feet
Vaak = (or by) Speech
Kaayajam Karmajam Vaa = or (through) actions associated with (my) body,
Shravana Nayanajam Vaa = (faults)associated with (my) ears and eyes
Maanaasam Vaa aparaadham = or faults of the mind
Vihitam Avihitam Vaa = (faults born of actions) konwingly or unknowingly
Sarvam Etat Kshamasva = Forgive (me for) all these
Jaya Jaya Karunaabdhe = Victory be unto you, Ocean of sympathy
Shri Mahaadeva Shambo = O Shambu, the Great Lord.

O Lord, kindly forgive the wrong actions I have done knowingly or unknowingly, either through my organs of action ( hands, feet, speech ) or through my organs of perception (ears, eyes ) or by my mind. Glory unto Thee, Oh Lord, who is the ocean of compassion.