एतत् all this, सर्वम् everything, राक्षसानाम् of rakshasas,विनाशाय for destruction, उपस्थितम् have sprung up, कालगृहीतानाम् caught up death, नक्षत्रम् these stars, काले death, ग्रहपीडितम् are oppressed by the stars

Everything has sprung up for the destruction of rakshasas. Those that are caught up by death will be oppressed at the time of death.