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\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\phantom{\times9999}235852\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 58963 with 4. Write the result 235852 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\phantom{\times9999}235852\\\phantom{\times999}412741\phantom{9}\\\end{array}
Now multiply the first number with the 2^{nd} digit in 2^{nd} number to get intermediate results. That is Multiply 58963 with 7. Write the result 412741 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\phantom{\times9999}235852\\\phantom{\times999}412741\phantom{9}\\\phantom{\times99}471704\phantom{99}\\\end{array}
Now multiply the first number with the 3^{rd} digit in 2^{nd} number to get intermediate results. That is Multiply 58963 with 8. Write the result 471704 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\phantom{\times9999}235852\\\phantom{\times999}412741\phantom{9}\\\phantom{\times99}471704\phantom{99}\\\phantom{\times9}530667\phantom{999}\\\end{array}
Now multiply the first number with the 4^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 58963 with 9. Write the result 530667 at the end leaving 3 spaces to the right like this.
\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\phantom{\times9999}235852\\\phantom{\times999}412741\phantom{9}\\\phantom{\times99}471704\phantom{99}\\\phantom{\times9}530667\phantom{999}\\\underline{\phantom{\times}117926\phantom{9999}}\\\end{array}
Now multiply the first number with the 5^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 58963 with 2. Write the result 117926 at the end leaving 4 spaces to the right like this.
\begin{array}{c}\phantom{\times99999}58963\\\underline{\times\phantom{99999}29874}\\\phantom{\times9999}235852\\\phantom{\times999}412741\phantom{9}\\\phantom{\times99}471704\phantom{99}\\\phantom{\times9}530667\phantom{999}\\\underline{\phantom{\times}117926\phantom{9999}}\\\phantom{\times}1761460662\end{array}
Now add the intermediate results to get final answer.