क्रोधात् due to anger, मोहात् due to delusion, साहसात् due to a spirit of adventure, तातस्य father's, यत् अतिक्रान्तम् whichever trangression, तत् that, भवान् you, साधु prudently, अर्थम् meaning, अभिसन्धाय having thought over, प्रत्याहरतु will set it right.

Our father has trangressed righteousness due to anger or delusion or recklessness. Therefore, you may think over the matter prudently and set it right.