By these three modalities constituted by the guṇas, all this world is deluded. It does not know Me, who am superior to these guṇas and immutable.

The bhāva (states) are guṇa-maya — “made of guṇa.” The world (jagat) is mohita (deluded, confused) by them — identifying with one or another guṇa.

Result: na abhijānāti — does not know mām (Me), who is param (superior) to the guṇa and avyaya (immutable, not subject to change). Ignorance is not recognizing the transcendent Lord.