To speak: how, what, when
avicārya na vaktavyaṃ vaktvyaṃ suvicāritam
kintu tatraiva vaktavyaṃ yatroktaṃ saphalaṃ bhavet ||
Re-ordered word-by-word meaning
na vaktavyaṃ avicārya - Nothing should be spoken without deliberation.
vaktvyaṃ suvicāritam - What is spoken should be well thought out.
kiñca vaktavyaṃ tatraiva - And further, it should be spoken only where,
yatroktaṃ saphalaṃ bhavet - what is spoken is fruitful (i.e. not wasted on deaf ears.)
yatroktaṃ saphalaṃ bhavet - what is spoken is fruitful (i.e. not wasted on deaf ears.)