Vedanta Desikan Thaniyan:

shrImAn ve~NkaTanAthArya: kavitArkika kesarI |
vedAntAchAryavaryo me sannidhattAm sadA hrudi ||

Meaning:

vEdAntAchArya varya: 		- (May) the acharya known as Vedantacharya (Vedanta Desikan),
vE~NkaTanAthArya: 		- who is named Venkatanatha,
shrImAn 			- who possesses the wealth such as bhagavat njAna, bhagavat bhakti 
				  and bhagavat kainkarya which are the hallmarks of a Srivaishnava and
kavi tArkika kEsarI 		- who is like a lion to other poets and philosophers,
sadA 				- always
sannidhattAm 			- reside
mE hrudi 			- in my heart.

kAveri pulinAntarALa laharI kallola mAlAlasat
	parya~nkIkruta pannageshvaratanau nidrAnibaddhAdaram |
kastUrI tilakA~nchitam kamalajenArAdhitam shrIsakham
	vastu svIkruta kaustubham dishatu na: svasti prashastam svata: ||

Meaning:

vastu 				- (May) that divine being
nidrA nibaddha Adaram 		- who likes to rest
parya~nkIkruta pannageshvara 
  tanau 			- on the divine body of Adisesha which is made like a bed,
laharI kallOla mAlA lasat 	- who is rocked gently by the small and big waves
kAveri pulinAntarALa 		- amidst the sand banks of Kaveri,
kastUrI tilaka a~nchitam 	- who wears the Kasturi tilaka in His divine forehead,
svIkruta kaustubham 		- who has the Kaustuba jewel in His divine chest,
kamalajena ArAdhitam 		- who was worshipped (in Satya Loka) by Brahma,
svata: prashastam 		- who is great by Himself, and
shrIsakham 			- who is the Lord of Sri (Periya Pirattiyar),
dishatu na: 			- give us
svasti 				- prosperity.

Vyakhyana Saram:
Swami Desikan wrote this work in praise of Pillai Lokacharyar, the son of Vadakkuth Thiruveedhip Pillai. In the first ten shlokas, he praises the acharya lineage of Sri Ranganatha, Sri Ranga Nachchiyar, Senai Mudhaliyar, Nammazhvar, Ramanuja, Kooraththazhvan/Embar/Bhattar/Nanjeeyar, Nampillai, Vadakkuth Thiruveedhip Pillai , Pillai Lokacharyar and Azhagiya Manavala Perumal Nayanar. From the eleventh shloka onward, the work is entirely about Pillai Lokacharyar.

In the first shloka, he performs mangalashasana to Sri Ranaganatha - the Perumal who was worshipped by Brahma in Satya Loka and then given to the Ikshvaku vamsa and eventually prayed to by Sri Rama Himself. After Sri Rama's coronation, He was given to Vibheeshana and was established by him in the middle of Kaveri River at Srirangam. Desikan asks that this Lord give us all prosperity.