vihāya—after giving up; kāmān—all material desires for sense gratification; yaḥ—the person; sarvān—all; pumān—a person; carati—lives; nihṣpṛhaḥ —desireless; nirmamaḥ—without a sense of proprietorship; nirahaṅkāraḥ—without false ego; saḥ—all; śāntim—perfect peace; adhigacchati—attains.
A person who has given up all desires for sense gratification, who lives free from desires, who has given up all sense of proprietorship and is devoid of false ego-he alone can attain real peace.