दक्षिणेर्मा लुब्धयोगे

Operational rule vidhi

The form दक्षिणेर्मन् is an irregularly formed बहुव्रीहि समास when used in conjunction with a hunter.

Word by word (padaccheda)

Substitute / term दक्षिणेर्मा prathamā · ekavacanaRight context लुब्धयोगे saptamī · ekavacana

Substitute / term Prathamā (1st case): in operational rules, the substitute or the thing introduced; in definitions, the term or its referent.
Right context Saptamī (7th case): "when X follows", the operation applies to what precedes (1.1.66 तस्मिन्निति निर्दिष्टे पूर्वस्य). Also a condition or domain ("in the sense of").

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Full reading

दक्षिणेर्मा लुब्धयोगे

Pāṇini leaves out words that carry over from earlier sūtras. Expand to see the rule as a reader actually understands it.

Commentary

The form दक्षिणेर्मन् is an irregularly formed बहुव्रीहि समास when used in conjunction with a hunter.
The word लुब्ध means व्याध or a fowler, a hunter. Thus दक्षिणमीर्ममस्य = दक्षिणेर्मा मृगः 'a stag wounded by the hunter on the right flank'. But in the following verse:- बाली हेमाब्जमाली गुणनिधिरिषुणानिर्मितो दक्षिणेर्मा, it denotes merely hunting. The word ईर्मम् means 'a wound'. Why do we say 'in reference to a hunter'? Observe दक्षिणेर्मम् शकटम् ॥

Śrīśa Chandra Vasu, The Ashtadhyayi of Panini (1897), via ashtadhyayi.com.